Can Millennials Afford to Move Out? Two-Bedroom Rent Costs in 25 Cities

Table with 7 columns and 26 rows.
CityTwo-Bedroom Rent (2017)Monthly Income (2017)Rent as % of Income (2017)Two-Bedroom Rent (2023)Monthly Income (2023)Rent as % of Income (2023)
Riverside, CA$1,158$3,94529.4%$1,731$5,16033.5%
Los Angeles, CA$1,919$4,65141.3%$2,350$6,11638.4%
Miami, FL$1,293$3,89633.2%$1,866$5,28135.3%
New York, NY$1,766$5,36632.9%$2,162$6,83731.6%
Detroit, MI$951$4,37121.8%$1,194$5,36322.3%
Philadelphia, PA$1,234$4,62626.7%$1,569$5,65627.7%
Chicago, IL$1,231$4,60526.7%$1,504$5,79026.0%
Atlanta, GA$1,077$4,28225.2%$1,482$5,57526.6%
San Antonio, TX$1,066$3,85027.7%$1,320$4,80827.5%
San Diego, CA$1,625$4,70034.6%$2,331$6,33436.8%
Washington, DC$1,748$5,84729.9%$2,025$7,36427.5%
Tampa, FL$1,007$3,84026.2%$1,534$5,16629.7%
Orlando, FL$1,082$3,70029.2%$1,575$4,83032.6%
Baltimore, MD$1,374$4,70029.2%$1,732$6,03928.7%
San Francisco, CA$2,674$6,44641.5%$2,702$8,12133.3%
Houston, TX$1,176$4,48526.2%$1,368$5,29225.9%
Dallas, TX$1,174$4,39326.7%$1,540$5,48828.1%
Boston, MA$1,770$5,76430.7%$2,163$7,04030.7%
Phoenix, AZ$922$4,12522.4%$1,462$5,40727.0%
St. Louis, MO$928$4,09822.6%$1,198$5,15923.2%
Charlotte, NC$980$4,17923.5%$1,326$5,37024.7%
Minneapolis, MN$1,302$4,66927.9%$1,517$5,85725.9%
Seattle, WA$1,578$5,44529.0%$1,934$7,21026.8%
Denver, CO$1,397$4,78329.2%$1,809$6,32528.6%
Austin, TX$1,232$4,32028.5%$1,639$5,76228.4%
National $1,059$4,21825.1%$1,375$5,45525.2%