average two bedroom apartment in san francisco
According to rental listing site Zumper.com, which tracks average market rents on a monthly basis, rental rates in San Francisco are the highest in the country. Average rent on a two bedroom apartment in San Francisco is $4,650, $1,000+ more than the number two city (New York) and $2,000 more than the rest of the biggest cities in the country. Annually, that median San Francisco two bedroom apartment would cost $55,800, significantly higher than the U.S. median income for a full-time worker. If we assume that a typical renter spends no more than 36% of her monthly income on housing, that suggests that to afford San Francisco rent, she would need to be earning $155,000 per year.