🏠 Price of Monthly Rent in 2008
Verdict: Inflation Trap
Monthly Rent cost $766.32 in 2008. Adjusted for inflation, that's $1116.78 today. The actual price today is $1323.19 — 18.5% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2008
31.7
hours of median work
Today
32.9
hours of median work
In 2008, a median earner worked 31.7 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.0x harder to earn.
📈 Monthly Rent Price History
1984
2024