🏠 Price of Monthly Rent in 2001
Verdict: Inflation Trap
Monthly Rent cost $605.14 in 2001. Adjusted for inflation, that's $1072.24 today. The actual price today is $1323.19 — 23.4% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2001
29.8
hours of median work
Today
32.9
hours of median work
In 2001, a median earner worked 29.8 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024