🏠 Price of Monthly Rent in 2018
Verdict: Inflation Trap
Monthly Rent cost $1005.76 in 2018. Adjusted for inflation, that's $1256.49 today. The actual price today is $1323.19 — 5.3% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2018
33.1
hours of median work
Today
32.9
hours of median work
In 2018, a median earner worked 33.1 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.0x easier to earn.
📈 Monthly Rent Price History
1984
2024