🏠 Price of Monthly Rent in 1987
Verdict: Inflation Trap
Monthly Rent cost $387.90 in 1987. Adjusted for inflation, that's $1070.99 today. The actual price today is $1323.19 — 23.5% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
1987
31.0
hours of median work
Today
32.9
hours of median work
In 1987, a median earner worked 31.0 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024