Some of the high-rent increase cities are also on SmartAsset’s list of cities with the most financial stress.
The financial technology company looked at 90 cities and compiled metrics such as the unemployment rate, average mortgage as a percentage of medial home value, and percentage of households severely burdened by housing cost. New Orleans was the most financially-stressed city with just 1% of income growth between 2013 and 2017, and 26.2% of the population living below the poverty line.
If you want to validate that you live in a stressed out metro or pat yourself on the back for not being there …
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