Rent For Class Of 2019 Will Take MAJORITY Of Their Income In Sacramento

How much of their income will the Class of 2019 have to give up to rent in Sacramento? Most of it!

By Doug Lazy on May 13, 2019
CHICAGO, IL - MAY 31: A "For Rent" sign stands in front of a house on May 31, 2011 in Chicago, Illinois. According to the Standard & Poor's Case-Shiller Home Price Index home prices fell in March in 18 of the 20 metropolitan areas monitored by the index, reaching their lowest levels since the housing bubble burst in 2006. In Chicago, were nearly 30 percent of homes offered for sale are bank owned, prices have fallen 7.6 percent from a year ago. (Photo by Scott Olson/Getty Images)
(Photo by Scott Olson/Getty Images)

Renting a place to live in Sacramento is tough and according to a new study, rent will take the majority of the Class of 2019’s income… says that according to a new study from HotPads, “the typical college graduate” is going to spend approximately 76 percent of their income on rent here in Sacramento! That’s 30+ percent more than the average here in the USA!

The study says that the median rent in Sacramento has risen almost 47 percent the past decade and is NOW at $2,005 a month!

So how is the Class of 2019 dealing with the extreme costs of rent? The article says that most of them will get roommates or end up back at home living with their parents.

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