Thursday, October 19, 2017

Having Amazon's new HQ2 in your city could raise rents by over $200 a month - here are the cities where it may cost the most

Raleigh, North Carolina

Raleigh, North Carolina

Median rent: $1,113

Additional annual rent growth: 1.5% - 2.0%

Cost to renter over 10 years: $11,756 - $15,356

Pittsburgh, Pennsylvania

Pittsburgh, Pennsylvania

Median rent: $837

Additional annual rent growth: 1.2% - 1.6%

Cost to renter over 10 years: $6,970 - $9,533

San Jose, California

San Jose, California

Median rent: $2,691

Additional annual rent growth: 1.o% - 1.6%

Cost to renter over 10 years: $18,100 - $29,581

Baltimore, Maryland

Baltimore, Maryland

Median rent: $1,406

Additional annual rent growth: 1.0% - 1.3%

Cost to renter over 10 years: $9,241 - $12,214

Denver, Colorado

Denver, Colorado

Median rent: $1,480

Additional annual rent growth: 0.8% - 1.1%

Cost to renter over 10 years: $7,751 - $11,452

Austin, Texas

Austin, Texas

Median rent: $1,386

Additional annual rent growth: 0.8% - 1.0%

Cost to renter over 10 years: $7,441 - $9,706

Detroit, Michigan

Detroit, Michigan

Median rent: $998

Additional annual rent growth: 0.8% - 1.2%

Cost to renter over 10 years: $5,571 - $8,031

Minneapolis, Minnesota

Minneapolis, Minnesota

Median rent: $1,217

Additional annual rent growth: 0.7% - 1.0%

Cost to renter over 10 years: $5,969 - $8,705

Philadelphia, Pennsylvania

Philadelphia, Pennsylvania

Median rent: $1,253

Additional annual rent growth: 0.6% - 0.8%

Cost to renter over 10 years: $5,057 - $6,506

Boston, Massachusetts

Boston, Massachusetts

Median rent: $1,969

Additional annual rent growth: 0.5% - 0.8%

Cost to renter over 10 years: $6,608 - $10,539


Source: Business Insider India