Rent hikes outpaced pay raises in 4 of 6 metros from California in 2019-23.
Rent hikes outpaced pay raises in 44 of 50 big US metropolitan areas during the past four years – and in four of six metros from California in this study.
Next, consider the Inland Empire’s fast-growing economy. It could not keep pace with the rising cost of being a tenant by the widest margin in California. The worst shortfall, nationally speaking? Tampa! Its 50% rent hike badly trailed 15.3% raises – for 34.7-point gap.22.2% rent hike vs. 17.2% raises – trails by 5 points .
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