Some quick math finds that living in San Francisco will snatch up most of your money if you’re earning an entry-level salary.
Based on an average salary of $47,000 a year, and median rents at more than $3,000 a month, entry-level San Francisco residents will pay 79 percent of their income toward rent, the highest rate in the nation according to Realtor.com. New York City is nearly as expensive, at 77 percent.
The findings are based on analysis done by RadPad, a mobile apartment and rent payment provider, which analyzed more than 150,000 apartment listings in 10 U.S. cities over the past year.
Among the more reasonable cities for recent graduates are Atlanta (36 percent of income goes toward rent), Austin (36 percent), and Houston (29 percent).
