How much does your apartment cost? Depending on where you live, your answer is likely to vary – a lot.
According to RentJungle, the average San Francisco apartment rented for $3,933 per month in April 2019. If you follow the old rule of spending no more than 30% of your income on housing, you’d need to earn at least $157,320 per year to afford the average San Francisco apartment. That’s a tall order, even with the Bay Area’s relatively high incomes.