Gen Z's Top 5 Costliest Cities for Rent: Three in One State

1 min read
Source: CNBC
Gen Z's Top 5 Costliest Cities for Rent: Three in One State
Photo: CNBC
TL;DR Summary

A Zillow analysis reveals that nearly 60% of Gen Z renters are 'rent-burdened,' spending over 30% of their income on housing, with San Diego, Los Angeles, Sacramento, Orlando, and Miami being the most affected cities. This financial strain complicates long-term financial planning for young professionals. To mitigate costs, experts suggest negotiating rent, finding roommates, and searching for rentals during off-peak seasons. The situation highlights the need for more affordable housing in high-demand cities.

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