California rent hikes often outpace pay raises

Perhaps the best that can be said for the plight of California renters is that it could be worse.

My trusty spreadsheet reviewed monthly rents and hourly wage data collected by United Way, comparing 2024 with 2019 for 96 U.S. metropolitan areas, including nine in California. Those statistics show that paychecks are not keeping up with monthly rent payments, both in California and nationwide.

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