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Redfin: $127K Needed To Afford A 1 Bedroom Apartment In The Bay Area

NBC Bay Area-


The Bay Area’s relatively high salaries and low housing inventory are keeping rents persistently higher than most of the country.

Across the country, the amount of money needed to make annually to afford to rent an apartment is down to about $63,000 on average, but in Silicon Valley that number is doubled, with $127,000 in salary needed to afford a typical one-bedroom home, according to housing tracker Redfin.

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