High rents leave many financially stretched – CBS News
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
Sabrina Pearce is a writer for Stroom News, and her work has appeared in the arts, construction, automotive, travel, real estate, and fashion sections of the site. She's also an avid reader who spends her time indulging her love of fiction and nonfiction books alike.