🏠 Price of Monthly Rent in 2023
Verdict: Inflation Trap
Monthly Rent cost $1258.88 in 2023. Adjusted for inflation, that's $1296.04 today. The actual price today is $1323.19 — 2.1% more expensive.
⏱️ Labor Hours to Buy Monthly Rent
2023
32.5
hours of median work
Today
32.9
hours of median work
In 2023, 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