According to Zillow, the online real estate database company founded by two former Microsoft executives, the numbers speak for themselves. Data shows that U.S, renters spent a combined $441 billion on housing in 2014 with rents continuing to outpace incomes.
When looking at the 50 largest metros in the U.S. it is surprising to note that a comparison of average quantity renters paid per month ranked by city had San Jose, California leading the list with renters paying on average $1,807 per month. The top 20 list of the most highly-priced metro areas for renters has four of the top five located in California with San Jose #1 ($1,807), San Francisco #2 (1,598) , San Diego #4 (1,362) and Los Angeles #5 ($1,308). The only east coast city to break into the top five was Washington D.C. at number three at $1,428.
A complete list of the top 20:
|Rank||Metro||Avg. MonthlyRent Payment||Rank||Metro||Avg. Monthly Rent Payment|
|1||San Jose, CA||$1,807||11||Denver, CO||$1,066|
|2||San Francisco, CA||$1,598||12||Baltimore, MD||$1,047|
|3||Washington, DC||$1,428||13||Sacramento, CA||$1,029|
|4||San Diego, CA||$1,362||14||Austin, TX||$1,008|
|5||Los Angeles, CA||$1,308||15||Chicago, IL||$991|
|6||New York, NY||$1,228||16||Portland, OR||$977|
|7||Boston, MA||$1,197||17||Virginia Beach, VA||$949|
|8||Seattle, WA||$1,154||18||Philadelphia, PA||$936|
|9||Miami-Ft. Lauderdale, FL||$1,127||19||Orlando, FL||$931|
|10||Riverside, CA||$1,075||20||Minneapolis-St. Paul, MN||$927|