Move over NYC, $5K/mth for rent? FOH NYC, Jersey City will see your $5k and raise you another $500.... the highest rent in the US at $5500 a month

[lightbright]

.... and we got two more cities in the top ten... Bayonne and Hoboken

This NJ city has been named U.S.'s most expensive for renters

NEW JERSEY - When it comes to sky-high rents, much of the focus is, understandably, on New York City, but it might surprise you to find out that the nation's highest rents are actually just across the Hudson River.

According to a report by Rent.com, Jersey City actually has the highest rent in the United States, with the average monthly rent skyrocketing from $3,308 in 2021 to an eye-watering $5,500 in 2022, a 66.25% increase.

For comparison, the average apartment rent in Manhattan in June 2022 was $5,058.

Jersey City is followed by Boston, where the average rent is $4,878 and Palo Alto, where the average rent is $4,672

Jersey City wasn't the only city in the Garden State to make the top 10, with Hoboken making an appearance at number 7 with renters facing an average rent of $4,264.

According to the annual "Out of Reach" rankings by the National Low Income Housing Coalition, New Jersey is the seventh most expensive state in the nation for renters, as a resident working a $13/hour minimum wage job would need to work 80 hours a week to afford a one-bedroom apartment without spending over a third of their income on rent.


This NJ city has been named U.S.'s most expensive for renters (fox5ny.com)

 

[lightbright]

Cities With the Highest Rent in the U.S.

The price of rent increased across the country between 2021 and 2022, but most of the cities with the highest rent are in western or southern states.
Many of the cities with the highest rent in the U.S. enjoy warm climates. As some workers took early retirement and others decided to work from home permanently, demand for apartments in regions without winter remained high in 2022. So did the rent prices in these communities.

Several of the 100 most expensive cities for renters are in or near major technology hubs. The industry's high salaries and consistent growth during the pandemic kept rents high and the apartment supply low in these markets.

The 10 most expensive cities for renters
Jersey City, just across the Hudson from Manhattan, logged the highest rent in the U.S for this survey period. The average monthly rent in Jersey City shot up from $3,308 in 2021 to $5,500 in 2022. That's an increase of 66.25 percent — the third highest in this survey.

Only renters in No. 8 Redmond, WA, (where rents increased 86.11 percent) and residents of No. 56 Pflugerville, TX, — the Austin suburb where rents jumped up 126.34 percent last year — saw bigger rent hikes.

Boston logged the second highest rent in the U.S. during this survey period. The average rental rate in the city rose from $4,164 in 2021 to $4,878 in 2022. This 17.14 percent annual rent increase looks modest compared with the other communities in the Top 100.

Two California cities, Palo Alto (No. 3) and Glendale (No. 4) both saw double-digit rent hikes at 31.34 percent and 36.32, respectively. Rent in Santa Monica (No. 5), costs an average of $4,357, an increase of 15.07 percent over last year. That's a substantial jump. But it's also the smallest year-over-year rent increase of any city in the Top 10.

The remaining cities on the Top 10 list are in the West and Northeast, with the exception of Coral Gables, FL, which came in at No. 6. Residents there saw rents increase 43.34 percent year-over-year.

New Jersey makes another appearance at No. 7, Hoboken. Renters there faced an average rent bill that was 21.46 percent higher than last year. But their average monthly rental rate is $4,264 — more than $1,200 cheaper than Jersey City.

Two more California cities, San Diego (No. 9, where rent increased 25.85 percent) and Newport Beach (No. 10, 26.79 percent) round out the Top 10.




CONTINUED:
Cities With the Highest Rent in the U.S. | Rent.com Research

 

[lightbright]

The 100 cities with the highest rent in the U.S.

Rank	City	Population	Average Rent	YoY % Change
1	Jersey City, NJ	262,075	$5,500	66.25%
2	Boston, MA	692,600	$4,878	17.14%
3	Palo Alto, CA	65,364	$4,672	31.34%
4	Glendale, CA	199,303	$4,472	36.32%
5	Santa Monica, CA	90,401	$4,357	15.07%
6	Coral Gables, FL	49,700	$4,310	43.34%
7	Hoboken, NJ	52,677	$4,264	21.46%
8	Redmond, WA	71,929	$4,222	86.11%
9	San Diego, CA	1,423,851	$4,202	25.85%
10	Newport Beach, CA	84,534	$4,178	26.79%
11	Cambridge, MA	118,927	$4,168	27.86%
12	Los Angeles, CA	3,979,576	$4,018	2.51%
13	San Francisco, CA	881,549	$4,004	-2.26%
14	Alameda, CA	77,624	$3,928	-4.46%
15	Santa Clara, CA	130,365	$3,922	19.83%
16	South San Francisco, CA	67,789	$3,901	20.48%
17	Oakland, CA	433,031	$3,680	-9.38%
18	Sunnyvale, CA	152,703	$3,604	24.08%
19	White Plains, NY	58,109	$3,595	9.83%
20	Fort Lauderdale, FL	182,437	$3,506	6.51%
21	Mountain View, CA	82,739	$3,486	31.02%
22	Laguna Niguel, CA	66,385	$3,470	20.07%
23	San Jose, CA	1,021,795	$3,410	19.48%
24	Fremont, CA	241,110	$3,408	33.85%
25	Stamford, CT	129,638	$3,390	28.61%
26	Irvine, CA	287,401	$3,328	2.42%
27	Costa Mesa, CA	113,003	$3,250	20.96%
28	Pasadena, CA	141,029	$3,230	20.81%
29	Burbank, CA	102,511	$3,207	13.33%
30	Oxnard, CA	208,881	$3,165	13.72%
31	Corona, CA	169,868	$3,113	20.13%
32	Lake Forest, CA	85,531	$3,113	16.15%
33	Miami, FL	467,963	$3,104	7.97%
34	Bayonne, NJ	64,897	$3,101	13.65%
35	Hillsboro, OR	109,128	$3,053	34.38%
36	Quincy, MA	94,470	$3,046	23.72%
37	Doral, FL	65,741	$3,022	20.58%
38	Union City, CA	74,107	$2,993	22.48%
39	Palm Desert, CA	53,275	$2,988	3.29%
40	Santa Ana, CA	332,318	$2,986	6.04%
41	Huntington Beach, CA	199,223	$2,983	26.70%
42	Riverside, CA	331,360	$2,950	12.88%
43	Yonkers, NY	200,370	$2,935	10.70%
44	Pleasanton, CA	81,777	$2,931	-17.39%
45	Tustin, CA	79,348	$2,913	27.79%
46	Chicago, IL	2,693,976	$2,904	19.46%
47	Simi Valley, CA	125,613	$2,903	15.36%
48	Walnut Creek, CA	70,166	$2,888	24.99%
49	Boca Raton, FL	99,805	$2,878	13.85%
50	Folsom, CA	81,328	$2,841	10.78%
51	New Haven, CT	130,250	$2,840	25.14%
52	Chino Hills, CA	83,853	$2,838	14.26%
53	Rancho Cucamonga, CA	177,603	$2,825	-0.23%
54	Glendora, CA	51,544	$2,809	16.47%
55	Tacoma, WA	217,827	$2,783	25.82%
56	Pflugerville, TX	65,380	$2,769	126.34%
57	West Palm Beach, FL	111,955	$2,763	9.54%
58	Palm Beach Gardens, FL	57,704	$2,741	6.78%
59	Washington, DC	705,749	$2,716	7.24%
60	Seattle, WA	753,675	$2,689	17.26%
61	Everett, WA	111,475	$2,679	57.06%
62	Sacramento, CA	513,624	$2,670	17.59%
63	Hialeah, FL	233,339	$2,590	1.31%
64	Denver, CO	727,211	$2,574	0.34%
65	Upland, CA	77,140	$2,571	1.66%
66	Mount Pleasant, SC	91,684	$2,513	29.00%
67	San Leandro, CA	88,815	$2,502	15.75%
68	Scottsdale, AZ	258,069	$2,497	4.40%
69	Philadelphia, PA	1,584,064	$2,490	10.47%
70	Alexandria, VA	159,428	$2,459	19.63%
71	Nashville, TN	670,820	$2,457	20.18%
72	Rockville, MD	68,079	$2,452	8.15%
73	Portland, OR	654,741	$2,443	32.26%
74	Boynton Beach, FL	78,679	$2,395	8.94%
75	Clearwater, FL	116,946	$2,264	47.14%
76	Frisco, TX	200,490	$2,203	7.96%
77	Lakewood, CO	157,935	$2,199	23.91%
78	Fort Myers, FL	87,103	$2,194	17.87%
79	Orlando, FL	287,442	$2,181	2.14%
80	Gilbert, AZ	254,114	$2,149	9.10%
81	Margate, FL	58,796	$2,099	19.67%
82	Alpharetta, GA	67,213	$2,094	4.45%
83	Gaithersburg, MD	67,985	$2,080	13.17%
84	Plano, TX	287,677	$2,075	13.11%
85	Glendale, AZ	252,381	$2,072	4.52%
86	Chula Vista, CA	274,492	$2,066	-6.63%
87	Sparks, NV	105,006	$2,061	2.00%
88	Boise, ID	228,959	$2,056	11.23%
89	New Orleans, LA	390,144	$2,035	-2.68%
90	Vancouver, WA	184,463	$2,023	12.91%
91	Citrus Heights, CA	87,796	$2,002	1.10%
92	Allentown, PA	121,442	$1,994	0.00%
93	Durham, NC	278,993	$1,988	46.30%
94	Wilmington, NC	123,744	$1,986	10.24%
95	Hollywood, FL	154,817	$1,982	-19.10%
96	Aurora, CO	379,289	$1,970	8.24%
97	Tampa, FL	399,700	$1,963	26.01%
98	Bradenton, FL	59,439	$1,938	4.23%
99	Reno, NV	255,601	$1,936	-5.01%
100	Goodyear, AZ	86,840	$1,935	21.99%

Cities With the Highest Rent in the U.S. | Rent.com Research

 

[tallblacknyc]

Cali got 12 areas in the top 20 list ..crazy

 

[Mrfreddygoodbud]

Jersey city waterfront is dope, I like taking the water taxi back to midtown, after smokin a blunt...

if there were more of us, Id be on ny waterway more often, I dont mind mayo but too much

is annoying..

Oh and jersey city is expensive because damn near all of wall street have office there..

Including Goldman Sachs, they fuckin own the waterfront

 

[lightbright]

Jersey city waterfront is dope, I like taking the water taxi back to midtown, after smokin a blunt...

if there were more of us, Id be on ny waterway more often, I dont mind mayo but too much

is annoying..

Oh and jersey city is expensive because damn near all of wall street have office there..

Including Goldman Sachs, they fuckin own the waterfront

I think that they call the area from Jersey City to Bayonne and beyond "The Golden Mile".... driving up Rt. 440 North from Communipaw Ave, I saw yachts at a few of the docks in Bayonne.... crazy shit


.

 

[Mrfreddygoodbud]

I think that they call the area from Jersey City to Bayonne and beyond "The Golden Mille".... driving up Rt. 440 North from Communipaw Ave, I saw yachts at a few of the docks in Bayonne.... crazy shit


.

and dont they have a fuckin golf course around there??

I fucked around and put my picture on a website, some chick

whose pops was a detective, got my info and literally came down

from south carolina about to stalk a knigga...

when her pops told her where I worked.

He said.. do NOT fuck around out there, they DONT play...

bitch had to go back home..

bruh I fuckin OWE jersey city bruh....

 

[SPECTRE1]

I have been observing the various schemes landlords use to jack up rent. I would like to get a house, I don't want to deal with the yearly scams at lease renewal.

There is no housing shortage, what we need is to force landlords to disclose what their inventory of units to the government. We don't need rent control or other nonsense.

With the economy tanking, they are jacking up rents.

 

[Helico-pterFunk]

Cali got 12 areas in the top 20 list ..crazy

Agreed ... I was just gonna say. Was quickly scrolling the list and looks like they've got around 32 - 33 of the top 50.

 

[SPECTRE1]

I have been observing the various schemes landlords use to jack up rent. I would like to get a house, I don't want to deal with the yearly scams at lease renewal.

There is no housing shortage, what we need is to force landlords to disclose what their inventory of units to the government. We don't need rent control or other nonsense.

With the economy tanking, they are jacking up rents.

I lived in some fourth tier beta city/state and was scratching my head how they had jacked up their rents. This town was filled was farming rednecks, East Palestine, OH type of people. The rent around here should be $500 at the most, no beaches, sports, or any other form of attraction. Those retarded fools chased me all over place hoovering over me all day.

 

[lightbright]

I have been observing the various schemes landlords use to jack up rent. I would like to get a house, I don't want to deal with the yearly scams at lease renewal.

There is no housing shortage, what we need is to force landlords to disclose what their inventory of units to the government. We don't need rent control or other nonsense.

With the economy tanking, they are jacking up rents.

You're a legitimate fool.... I buy some property..... and your silly ass is gonna tell me what the rent should be? FOH idiot.... if there are those that will pay $5k a month and that's what the going market rate is, so be it.... if you can't fucking afford it go somewhere else... it's a free-market economy.. that's like telling me what to sell my car for if I sell it.... can't stand petty asses...
sidebar: just like my 6 family, there are taxes(20k/year), repairs, cleaning behind those slobs, utility bills, insurance.... going rate when I brought it was $900-1000/month.... it's now $1500/month.... that's the cost of running that shit... I pay $6800/year to insure it.... if they don't like it.... find somewhere else.... go buy a condo and then cry about monthly maintenance fees

.

 

[Mrfreddygoodbud]

I have been observing the various schemes landlords use to jack up rent. I would like to get a house, I don't want to deal with the yearly scams at lease renewal.

There is no housing shortage, what we need is to force landlords to disclose what their inventory of units to the government. We don't need rent control or other nonsense.

With the economy tanking, they are jacking up rents.

You KNOW people can get together and build their OWN residences but we been

programmed to fill out applications and beg for jobs and places to live...

we been tricked into being usa CITIZENS... hey most folks think USA is a whole country,

bruh its just a couple of mile in washington d.c... and only residents of washington d.c are

subject to federal taxes...

hey dont get me wrong Im PAYING my federal taxes but Im working on mastering tax

avoidance.... tax avoidance is A HUNDRED PERCENT LEGAL and elite CPA's and tax professionals

cost big money and dont fuck with you if you aint making big money for a reason,

You hire them, you paying little to no taxes, they know all the tax avoidance tricks...

 

[Mrfreddygoodbud]

You're a legitimate fool.... I buy some property..... and your silly ass is gonna tell me what the rent should be? FOH idiot.... if there are those that will pay $5k a month and that's what the going market rate is, so be it.... if you can't fucking afford it go somewhere else... it's a free-market economy.... can't stand petty asses...
sidebar: just like my 6 family, there are taxes(20k/year), repairs, cleaning behind those slobs, utility bills, insurance.... going rate when I brought it was $900-1000/month.... it's now $1500/month.... that's the cost of running that shit... I pay $6800/year to insure it.... if they don't like it.... find somewhere else.... go buy a condo and then cry about monthly maintenance fees

.

dont even get me started on maintenance fees and fuckin condo/coop boards.....

You HAVE to clean up after them?? thats crazy... I knew a lady that was making nice cash

on section eight housing, but she was saying.. when you have problems you HAVE problems,

but she said the money was good...

Damn with all those debit expenses how do you make any profits?

You ever thought about Commercial Real estate??

 

[Mello Mello]

Cali got 12 areas in the top 20 list ..crazy

Cali is raping mother fuckas monthly.

Before I left i was paying 2500 for a cozy one & one.

I was working in IT and still wanting to hit licks on the side.

And they wonder why crime is so fuckin high.

 

[SPECTRE1]

You're a legitimate fool.... I buy some property..... and your silly ass is gonna tell me what the rent should be? FOH idiot.... if there are those that will pay $5k a month and that's what the going market rate is, so be it.... if you can't fucking afford it go somewhere else... it's a free-market economy.... can't stand petty asses...
sidebar: just like my 6 family, there are taxes(20k/year), repairs, cleaning behind those slobs, utility bills, insurance.... going rate when I brought it was $900-1000/month.... it's now $1500/month.... that's the cost of running that shit... I pay $6800/year to insure it.... if they don't like it.... find somewhere else.... go buy a condo and then cry about monthly maintenance fees

.

You have 300 units available, and 40 are vacant for over a month, yet you only advertise that you have only two. You might collude with other property management companies to keep supplies low. You can charge what you want, but I will have the data to call you out as a clown on your available units.

I rather try this than rent control for now to see if it can bring down prices.

 

[BrownTurd]

You have 300 units available, and 40 are vacant for over a month, yet you only advertise that you have only two. You might collude with other property management companies to keep supplies low. You can charge what you want, but I will have the data to call you out as a clown.

I rather try this than rent control for now to see if it can bring down prices.

He been caught in a lie. I would not bother engaging with him

 

[bgbtylvr]

Folks staying because they want to. I left Cali and never looked back.