California ranks No. 3 nationwide in highest rent rates per square foot, according to a study.
The Perfect Rug , a company that sells rugs online with a location in Boise, Idaho, analyzed the nationwide housing market to identify states with the highest rent per square foot.
The average California rent is $161.29 per square foot, according to the release.
What states rank ahead of California?
Hawaii takes the top spot with the rent totaling $244.84 per square foot.
New York ranks second place with $228.18 per square foot in rent.
What states round out the top 10?
The rent per square foot for other states on the top 10 list are:
- 4. Massachusetts ($161.11 per square foot)
- 5. Florida ($131.37 per square foot)
- 6. New Jersey ($125.49 per square foot)
- 7. Rhode Island ($112.38 per square foot)
- 8. Maine ($111.60 per square foot)
- 9. Arizona ($107.12 per square foot)
- 10. Nevada ($104.36 per square foot)
The company used data from Zillow, World Population Review, and American Home Shield to create its top 10 list, according to the release.