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Surprise to see Plano TX on the list of top 10 cities with highest percentage of Income spent on Rent. Toyota and bunch other companies have moved their HQ or
by sremani 9y ago
Surprise to see Plano TX on the list of top 10 cities with highest percentage of Income spent on Rent.
Toyota and bunch other companies have moved their HQ or operations here, it may have to do something about it.
- kodablah 9y agoMost of the data predates Toyota, and many of those HQs are in the NW side where several cities intersect. The reason, I suspect, is that the article chooses top 100 cities by population, so Plano squeezes in. It does not have a ton of apartments, but the ones it has, especially west, are expensive and fairly new. Most of the inhabitants, in my experience, are service industry to serve the otherwise (former?) highest income per household city, meaning many spend a large portion on rent. That's one theory... the other being it's just a few % points putting them up there and may be just the current multifamily real estate swing.