Rent Inflation in the United States decreased to 3.80 percent in June from 3.90 percent in May of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about *** percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about *** percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly ** U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was ****** U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately ******* U.S. dollars.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to May 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

VITAL SIGNS INDICATOR Rent Payments (EC8)

FULL MEASURE NAME Median rent payment

LAST UPDATED August 2019

DESCRIPTION Rent payments refer to the cost of leasing an apartment or home and serves as a measure of housing costs for individuals who do not own a home. The data reflect the median monthly rent paid by Bay Area households across apartments and homes of various sizes and various levels of quality. This differs from advertised rents for available apartments, which usually are higher. Note that rent can be presented using nominal or real (inflation-adjusted) dollar values; data are presented inflation-adjusted to reflect changes in household purchasing power over time.

DATA SOURCE U.S. Census Bureau: Decennial Census 1970-2000 https://nhgis.org Note: Count 1 and Count 2; Form STF1; Form SF3a

U.S. Census Bureau: American Community Survey 2005-2017 http://api.census.gov Note: Form B25058; 1-YR

Bureau of Labor Statistics: Consumer Price Index 1970-2017 http://www.bls.gov/data/ Note: All Urban Consumers Data Table (by metro)

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Rent data reflects median rent payments rather than list rents (refer to measure definition above). Larger geographies (metro and county) rely upon ACS 1-year data, while smaller geographies rely upon ACS 5-year rolling average data. 1970 Census data for median rent payments has been imputed by ABAG staff as the source data only provided the mean, rather than the median, monthly rent. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Inflation-adjusted data are presented to illustrate how rent payments have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself.

In 2023, the index for residential rents in the euro area stood at ***** index points. Nevertheless, most European countries recorded a higher increase in rental prices. In Turkey, where inflation has been extremely high in recent years, the index soared to *** index points. That means that the rents increased by *** percent since 2015, the base year with index value of 100. Six other countries had an index value of over *** index points, including Lithuania, Hungary, and Slovenia. Conversely, Greece was the only country where rents have declined since 2015.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (CUURA320SEHA) from Nov 1977 to Jun 2025 about Miami, primary, rent, urban, FL, consumer, CPI, inflation, price index, indexes, price, and USA.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

In January 2025, the unadjusted consumer price index (CPI) of all items for urban consumers in the United States amounted to about 317.67. The data represents U.S. city averages. The base period was 1982-84=100. The CPI is defined by the United States Bureau of Labor Statistics as “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services”. The annual consumer price index for urban consumers in the U.S. can be accessed here. Consumer Price Index The Consumer Price Index (CPI) began in 1919 under the Bureau of Labor Statistics and is published every month. The CPI for all urban consumers includes urban households in Metropolitan Statistical Areas and regions with over 2,500 inhabitants, as well as non-farm consumers living in rural regions. This index was established in 1978 and includes about 80 percent of the U.S. population. The monthly CPI of urban consumers in the United States increased from 292.3 in May 2022 to 304.13 in 2023. Inflation tends not to impact everyone equally for a variety of reasons, including geography - CPI often differs between regions, with a high of 287.49 in the Western region as of 2021. There are also disparities in inflation between income quartiles, in which inflation is generally felt more heavily by lower income households. The annual CPI in the United States has increased steadily over the past two decades, from 140.3 in 1992 to 292.56 in 2022. A forecast of the CPI expects this positive trend to continue, reaching 325.6 by 2027. As of March 2023, the CPI of the nation’s education had increased by 3.5 percent. Further, in the same month costs of recreation, rent, housing, medical care, and food and beverages, gasoline, and transportation increased. Comparatively, the CPI in Hong Kong reached 103.3 in 2022.

The Dumpster Rental industry has demonstrated robust performance in recent years, bolstered by growth in the value of residential construction, a hike in consumer spending and an overall boost in corporate profit. However, challenges have surfaced in the form of rising inflation and interest rates, which have led to a drop in overall construction expenditure. Consequently, residential and nonresidential sectors have experienced substantial pressure, resulting in a shift in demand for dumpster rental services. Nonetheless, industry-wide revenue has been increasing at a CAGR of 0.5% over the past five years, including an estimated 3.6% decrease in the current year, and is expected to total $537.7 million in 2023. In the same year, profit is projected to decrease to 11.9%.Dumpster rentals are commonly utilized at temporary sites that generate substantial waste, rendering standard trash bins and pickup trucks inadequate for waste disposal. Construction projects, in particular, benefit from dumpster rentals because of their temporary nature and high volume of waste. Renting a dumpster offers customers the advantage of fewer trips to dispose of waste, thereby enhancing efficiency. Moreover, the dumpster rental industry typically experiences growth in tandem with the overall economy.Investment in manufacturing facilities, private spending on home improvement projects and growth in the value of construction will likely support revenue growth over the next five years. As a result, industry revenue is expected to increase at a CAGR of 2.2% over the next five years, reaching $598.6 million in 2028.

South Korea Rent Price Index: sa data was reported at 108.443 2015=100 in 2024. This records an increase from the previous number of 108.179 2015=100 for 2023. South Korea Rent Price Index: sa data is updated yearly, averaging 79.293 2015=100 from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 108.443 2015=100 in 2024 and a record low of 36.533 2015=100 in 1985. South Korea Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

India Consumer Price Index (CPI): Housing: Weights: House Rent, Garage Rent data was reported at 9.510 % in Oct 2018. This stayed constant from the previous number of 9.510 % for Sep 2018. India Consumer Price Index (CPI): Housing: Weights: House Rent, Garage Rent data is updated monthly, averaging 9.510 % from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 9.510 % in Oct 2018 and a record low of 9.510 % in Oct 2018. India Consumer Price Index (CPI): Housing: Weights: House Rent, Garage Rent data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA014: Consumer Price Index: 2012=100: Housing: Weights.

Saudi Arabia Consumer Price Index (CPI): Riyadh: HW: Actual Rentals for Housing data was reported at 154.460 2018=100 in Mar 2025. This records an increase from the previous number of 153.080 2018=100 for Feb 2025. Saudi Arabia Consumer Price Index (CPI): Riyadh: HW: Actual Rentals for Housing data is updated monthly, averaging 100.645 2018=100 from Feb 2020 (Median) to Mar 2025, with 62 observations. The data reached an all-time high of 154.460 2018=100 in Mar 2025 and a record low of 93.280 2018=100 in Jul 2021. Saudi Arabia Consumer Price Index (CPI): Riyadh: HW: Actual Rentals for Housing data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.I004: Consumer Price Index: 2018=100: by Region.

Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q3 2024 about real estate, commercial, rate, and USA.

Greece GR: Rent Price Index: sa data was reported at 102.923 2015=100 in 2024. This records an increase from the previous number of 97.929 2015=100 for 2023. Greece GR: Rent Price Index: sa data is updated yearly, averaging 92.737 2015=100 from Dec 1989 (Median) to 2024, with 36 observations. The data reached an all-time high of 124.163 2015=100 in 2011 and a record low of 20.651 2015=100 in 1989. Greece GR: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

Bulgaria Rent Price Index: sa data was reported at 135.849 2015=100 in 2024. This records an increase from the previous number of 128.673 2015=100 for 2023. Bulgaria Rent Price Index: sa data is updated yearly, averaging 95.215 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 135.849 2015=100 in 2024 and a record low of 0.779 2015=100 in 1995. Bulgaria Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Bulgaria – Table BG.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual.

IPCA: Year to Date: Curitiba: Housing: Costs and Maintenance: Rent and Rates: Residential Rental data was reported at 3.540 % in Mar 2025. This records an increase from the previous number of 1.540 % for Feb 2025. IPCA: Year to Date: Curitiba: Housing: Costs and Maintenance: Rent and Rates: Residential Rental data is updated monthly, averaging 2.480 % from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 14.090 % in Dec 2021 and a record low of -0.790 % in Apr 2024. IPCA: Year to Date: Curitiba: Housing: Costs and Maintenance: Rent and Rates: Residential Rental data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Inflation – Table BR.ID059: Consumer Price Index: Broad Category - IPCA: POF 2017-2018: Dec1993=100: Year to Date: by Municipality: Paraná: Curitiba.

Russia Consumer Price Index (CPI): Prev Dec=100: HU: Housing excl Private Rent data was reported at 103.610 Prev Dec=100 in Dec 2018. This records an increase from the previous number of 103.540 Prev Dec=100 for Nov 2018. Russia Consumer Price Index (CPI): Prev Dec=100: HU: Housing excl Private Rent data is updated monthly, averaging 104.510 Prev Dec=100 from Jun 2011 (Median) to Dec 2018, with 91 observations. The data reached an all-time high of 121.350 Prev Dec=100 in Dec 2014 and a record low of 100.070 Prev Dec=100 in Jan 2012. Russia Consumer Price Index (CPI): Prev Dec=100: HU: Housing excl Private Rent data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA020: Consumer Price Index: Previous December=100: Services.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.