Here’s how much you need to earn to rent a 2-bedroom apartment in 15 of America’s biggest cities

Los Angeles

Anton_Ivanov/Shutterstock …

One-third of Americans overpay for housing, and renters have it the worst .In fact, almost half spend over 30% of their incomes on rent, exceeding the standard measure of affordability, according to the 2017 State of the Nation’s Housing report, published by the Joint Center for Housing Studies of Harvard University.

In addition to transportation and food, housing is one of the biggest expenses Americans have. Cutting back on these things could mean more savings in the bank and even a ticket to early retirement.

In its latest report , SmartAsset calculated the income needed to afford rent in 15 major US cities. That is, the salary a household must earn to spend a comfortable 28% of its income on rent for a two-bedroom apartment. Rent prices were pulled from RENTCafe ‘s January 2017 report.

Below, check out how much you need to earn to pay rent in San Francisco, New York, Boston, and 12 more of America’s major metro areas.

[Source”cnbc”]

An Insider skip to the Be original Americas summer season Fellowship

This summer, two undergraduate students in layout have been given the opportunity of a life-time. Be original Americas has awarded Sarah Ahart of Virginia Tech and Karina Campos of Syracuse university because the first-ever fellows in its new summer fellowship software for taking college students behind the curtain at main design companies and Be authentic Americas contributors throughout the U.S.—which includes Bernhardt design, Carnegie, Chilewich, design within reach, Emeco, Herman Miller, Ligne Roset, and Vitra. indoors layout is alongside for the ride, bringing you a sequence of insider appears at Ahart’s and Campos’s reviews throughout the 8-week software, going for walks June thirteen – August 2. right here is our first publish, courtesy of Campos—stay tuned for extra updates from both fellows!

can you consider on foot through the places of work of main layout companies as your young permeable thoughts is imbued with amazing design understanding from innovators and architects that inspire you? Neither am i able to! The Be unique Americas Fellowship has been undeniably fantastic, inspiring, and dreamlike. From know-how a reinterpretation of a B to C layout commercial enterprise version at Othr, to the imaginitive thoughts and layout technique of Sandy Chilewhich at Chilewhich, to the artisanal integrity at Fritz Hansen, these are only some of the design minds my co-fellow Sarah and i have had the delight to interact with—and it is only been five days!

Already, it looks like i’ve been in new york for tons longer! each day Sarah and that i locate ourselves exclaiming, “i am so excited!” or “that is so interesting!” or “are you able to believe we get to do this!?” a lot has took place that hours appear to be days, and days appear to be weeks; to all of us else, this is probably irritating but i’m significantly hoping this revel in is going by way of as slowly as feasible. Why, you ask? to cite my favorite Broadway musical, Hamilton, “there’s nothin’ like summer time in the town”—particularly when you are hopping from one layout organisation to any other, are surrounded by way of countless activities, and are playing the succulent smells of notable food (special shoutout to the outstanding falafel I had in the West Village a few days ago).

visiting Othr in big apple.

This enjoy is simply getting commenced and the big apple, and those inspiring design industry savants have all started redefining my non-public design manner and questioning, whilst commencing opportunities to my destiny profession course. If i can experience emotional design transcendence in only some days, i’m keen to discover how my lifestyles and private design philosophy will evolve as I dive deeper into the sector of layout. comply with my design adventure because it takes me into the hidden nuances of this inventive enterprise.—Karina Campos