It’s hardly a secret that many Americans are struggling with super-high living costs. Inflation has made everything from groceries to apparel to utilities more expensive, while the Ukraine conflict has driven the cost of gas way up.
But the typical American’s greatest monthly expense — housing — has also gotten more expensive. And in the absence of stimulus aid, many people are struggling to keep up.
New data from Redfin reveals that U.S. rents are up 15% from a year ago. Just as alarmingly, the median apartment rent is now over $2,000 a month on a national level. And in some larger cities, like Austin and Seattle, rents are up more than 30%.
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