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Los AngelesThe median-income earning household in Los Angeles would need to earn 25% more to afford the median rent in the city, according to a new report from Apartment List. The median household income in Los Angeles is $56,245 and would need $13,835 or $70,080 more to avoid becoming cost-burdened by rent for the average two bedroom. These numbers place the hourly wage to afford a two-bedroom apartment at $34 per hour.

There are a variety of factors impacting rents in Los Angeles, but the primary issue is an imbalance between supply and demand. “The good news is that all cities with a high quality of life are going to have high rents relative to wages, and L.A. continues to be a great place to live,” Igor Popov, chief economist at Apartment List, tells GlobeSt.com. “The bad news is that a lack of dense construction may be keeping prices artificially high, so that housing supply isn’t rising to meet demand. Both lead to high rents.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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