🏠 Price of Monthly Rent in 1988
Verdict: Inflation Trap
Monthly Rent cost $402.70 in 1988. Adjusted for inflation, that's $1068.08 today. The actual price today is $1323.19 — 23.9% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
1988
30.8
hours of median work
Today
32.9
hours of median work
In 1988, a median earner worked 30.8 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024