Headline : Rent Realities: The Top Ten Most Expensive %26amp; Budget-Friendly Cities

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Living in the most significant U.S. cities comes with its own set of financial challenges, especially when it comes to rent. As rental prices continue to surge, understanding how much you need to earn to live comfortably in these areas is critical. Let’s dive into the top 10 highest and lowest-rent cities in the U.S. for 2024 and explore what it takes to call these places home.

We’ve gathered data from Zumper and RentCafe, but before we get into the list, let’s discuss determining the income needed to live comfortably in these cities. The general rule is to spend no more than 30% of your gross income on rent. This helps ensure that housing costs don’t absorb too much of your budget, leaving room for other essentials, savings, and hobbies. But in some of these high-cost cities, the reality is that many people may have to allot more than 30% of their income toward rent.

1. New York, NY: First up is New York City! This city is known for never sleeping and living the NYC dream but has a hefty price tag. With an average monthly rent of around $3,802, NYC is pretty expensive. To live comfortably here, you must earn at least $152,076 annually.

2. Boston, MA: With its rich history and prestigious universities, Boston’s charm comes at a cost. The average rent is $3,225, meaning you’d need an income of approximately $129,000 annually to live comfortably.

Read more from the original article on here at blackhealthmatters.com.

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