Housing Costs May be Affecting Employment Numbers

Folks give up employment if they increase discontented, and soaring rental expenditures may perhaps be resulting in some discontent: fifty one.two% of employees say they prepare to search for a new career this 12 months.

NEW YORK – The typical price tag of lease rose sharply in the course of the pandemic. The price tag of a a person-bedroom apartment’s lease climbed eight.three% nationwide in between July 2020 and July 2021, and the typical price tag of a two-bedroom condominium elevated by eight% in the course of that very same time period, according to a study from Hire.com of about 1,250 consumers.

Renters have adopted distinctive ways to assistance offset the increased price ranges. Some have made the decision to break up costs in between a larger team of persons: Just about a person-third of renters say they’ve mixed households in the course of the pandemic and eleven% prepare to

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