More than 2.6 million high earners are living in rentals across the US, according to RentCafe. giving rise to a new type of tenant: the millionaire renter.

The number of renter households with incomes of more than $1 million reached a record high of 3,381 in 2020, a RentCafe analysis shows, triple that of 2015.  Millennials make up 28% of the category, followed by Gen X at 23%.

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Lynn Pollack

 

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