🏠 Price of Monthly Rent in 2022
Verdict: Inflation Trap
Monthly Rent cost $1166.13 in 2022. Adjusted for inflation, that's $1250.11 today. The actual price today is $1323.19 — 5.8% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2022
32.5
hours of median work
Today
32.9
hours of median work
In 2022, a median earner worked 32.5 hours to buy monthly rent. Today, it takes 32.9 hours. It is 1.0x harder to earn.
📈 Monthly Rent Price History
1984
2024