Study: Renters need to work longer hours to afford rent

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Study: Renters need to work longer hours to afford rent
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It's no secret that Seattle rent is high, but a study from Zillow reports people have to work more to afford the average rent in metropolitan areas across the country.

reports people have to work more to afford the average rent in metropolitan areas across the country.

As hourly earnings have grown over 23%, the price of rent has likewise increased by 36.9% over the same period.. Median rent in Seattle, when you take out the extreme luxury rental prices, is closer to $1,651 a month. While Seattle renters only need to work an average of 56 hours, seven less than the national average, with high rents and a growing population, the average Emerald City renter still needs to work seven more hours to afford housing than they did five years ago, the study says.

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