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January 23rd – Tables Summarizing Wage, Rent, And Rent Burden for 2014 vs. 2018
Hi all,
I used some of the available rental data from other COLA members and summarized the changes from 2014-2018. Please find rental rate increases, wage increases, and rent burdens. Please let me know if you find something that needs to be changed. 5-8 Bedroom homes were considered to be 5 bedrooms. Best, Stephan
Santa
Cruz Rent Change: 2014-2018
Rental Type
Rent PBR 2014
Rent PBR 2018
$ Change in 4 years
% Change in 4 years
1 BR Apt/Condo
$ 1,306
$ 2,079
$ 773
59%
1 BR
House/Duplex
$ 1,500
$ 1,995
$ 495
33%
2 BR Apt/Condo
$ 953
$ 1,388
$ 435
46%
2 BR
House/Duplex
$ 1,086
$ 1,489
$ 403
37%
3 BR Apt/Condo
$ 950
$ 1,092
$ 142
15%
3 BR
House/Duplex
$ 974
$ 1,284
$ 310
32%
4 BR
House/Apt/Condo
$ 931
$ 1,172
$ 241
26%
5-8 BR
House/Apt/Condo
$ 950
$ 1,129
$ 179
19%
Room in Shared
Housing
$ 795
$ 1,017
$ 222
28%
Studios/Efficiencies
$ 983
$ 1,428
$ 445
45%
PBR: Per Bedroom
Change in 5 years was calculated by subtracting column 2 from column 3
% Change in 5 years was calculated by dividing column 4 by
column 2 and then multiplying by 100