🏠 Price of Monthly Rent in 1989
Verdict: Inflation Trap
Monthly Rent cost $418.32 in 1989. Adjusted for inflation, that's $1058.77 today. The actual price today is $1323.19 — 25.0% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
1989
30.1
hours of median work
Today
32.9
hours of median work
In 1989, a median earner worked 30.1 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024