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Cost and availability of affordable housing. In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [ 3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [ 3]
Since about 1970, California has been experiencing an extended and increasing housing shortage, [1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [2]: 1 [3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [4 ...
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of ...
Generations of Americans have been lured west by the dream of California living -- but living in California isn't cheap. Notorious for high housing costs, high taxes and a high cost of living, the...
In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents.
First up are the 15 most affordable cities to live on minimum wage. Spokane, Washington. 2022 Average 1 Bedroom Rent: $917.60. Minimum Wage: $14.49. Hours Needed to Afford 1 Bedroom Rent (Pre-Tax ...
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