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Renter's Market? LA Ranks as Pricier Than NYC
Think it's more expensive to rent a place to live in New York than here in Los Angeles? Think again--at least according to national rankings released this week by the Center for Housing Policy .
Looking at renters from a set of occupational categories, the study matches paycheck with the average cost to rent a two-bedroom apartment in major metropolitan markets. When it comes to affordability, the study reveals nationally:
that in the vast majority of metropolitan markets, fair market rents have held steady or increased - occasionally surpassing monthly mortgage payments for a median-priced home. Specifically, retail salespeople continue to be priced out of renting a two-bedroom apartment in every market studied. Janitors fare almost the same, being able to afford a two-bedroom apartment in only one of the 210 rental markets studied. Licensed practical nurses are unable to rent a two-bedroom apartment in 55, police officers in 12, and elementary school teachers in 11 of the markets studied.
Rents have gone up in 89% of the markets studied.The most expensive rentals in the US are in San Francisco. Meanwhile, Southern California is well-represented in the upper portion of the rankings; Oxnard comes in at #8, and Los Angeles #10. NYC, often considered on par with the pricey rentals of SF, actually ranked #13, with the average rent for a 2-bedroom unit coming in at $61 cheaper than LA's $1420.
Southern California's Snow-Capped Mountains Are Beautiful. Here's Where To Maximize The View (And Snap A Great Picture)It's been many, many years since we saw this much snow in our mountains. Going up there right now isn't safe, but here are some places where you can enjoy the view and snap a pic.
April Valentine died at Centinela Hospital. Her daughter was born by emergency C-section. She'd gone into the pregnancy with a plan, knowing Black mothers like herself were at higher risk.
A look at years past when snows creeped into our citified neighborhoods, away from the mountains and foothills.
In the face of a drier future, that iconic piece of Americana is on its way out in Southern California.
Another Missing Hiker Has Been Found Dead In San Gabriels As Search For Actor Julian Sands ContinuesBob Gregory, 62, went missing the same day as Sands. His body was recovered near Mount Islip.