🏠 Price of Monthly Rent in 2017
Verdict: Inflation Trap
Monthly Rent cost $970.66 in 2017. Adjusted for inflation, that's $1242.21 today. The actual price today is $1323.19 — 6.5% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2017
33.0
hours of median work
Today
32.9
hours of median work
In 2017, a median earner worked 33.0 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.0x easier to earn.
📈 Monthly Rent Price History
1984
2024