Each person in a two-person household would have to work 82 hours a week at minimum wage in Nashville to be able to make the rent on a 0-2 bedroom home – even though rent in the metro has fallen 5.6% year-over-year. That’s the finding of a new national analysis by Renter.com.
Things are not much better in Austin, where the same household would each have to work 79 hours, or in Dallas, where 77 hours each would be required.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
