3 ms·
In 2011, my rent was $1,420 a month. In 2021 my rent is $1,610 a month. According to the published inflation numbers my rent has gone down because it should be
by anotherman554 5y ago
In 2011, my rent was $1,420 a month. In 2021 my rent is $1,610 a month. According to the published inflation numbers my rent has gone down because it should be $1,672 if accounting for inflation.
I don't live in California-- maybe things are different there-- but I don't buy the conspiracy theories about inflation numbers.
- ModernMech 5y agoIn 2009 my rent was $550 in Pittsburgh. I just looked and today the same unit is going for $980, a 78% increase. According to published inflation numbers that should be a 23.5% increase to $679 today. So at least from our two examples we can see the effect is not evenly distributed. edit: incidentally, in 2009 the minimum wage was $7.25, and my rent would have been 47% of my gross income. Today the minimum wage is still $7.25 and if I had stayed at the same apartment at the same wage, my rent would be 84% of my gross income.
- jrsj 5y agoOn average rents have doubled since 2006, but yes this varies from place to place. Not just in big cities though, it’s been in both cities & rural areas around me in Ohio as an example.