🏠 Price of Monthly Rent in 2004
Verdict: Inflation Trap
Monthly Rent cost $664.70 in 2004. Adjusted for inflation, that's $1103.79 today. The actual price today is $1323.19 — 19.9% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2004
31.2
hours of median work
Today
32.9
hours of median work
In 2004, a median earner worked 31.2 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024