🏠 Price of Monthly Rent in 2007
Verdict: Inflation Trap
Monthly Rent cost $739.26 in 2007. Adjusted for inflation, that's $1118.45 today. The actual price today is $1323.19 — 18.3% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2007
30.6
hours of median work
Today
32.9
hours of median work
In 2007, a median earner worked 30.6 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.1x harder to earn.
📈 Monthly Rent Price History
1984
2024