Boston became the only metropolis where the cost of rent is up to 30% of the total revenue. Due to the fact that the level of salaries here is very high, rental housing does not seem expensive.
To rent an apartment in Chicago, you need to spend at least $1,377, which is relatively small. The incomes of city dwellers are decent, so only 35.6% of them go for rent.
In the aristocratic London housing market is going through not the best of times. The income of residents of the English capital is quite high, so the average rental price for a month is $1,430, which is 50.4% of the funds available to citizens.
To rent an apartment in Dubai, an average of $1,281 will be required. But if you compare the emirates of Dubai and Abu Dhabi, in the first one the rent is not as high as in the second one, and it reaches 55.4% of the income of residents of the city.
The city with the lowest rental in absolute terms is Mexico City. Because of the low income of the population, the average rent is $385. From 2009 to today, the average price has increased by 44%.
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