Rents are surging across the United States, shrinking tenants’ savings along with their nightlife and vacation budgets.
In San Antonio, a renter would need 19% more in income to comfortably afford a typical apartment, compared to five years ago.
But the news isn’t all bad. Someone earning the median income in San Antonio would have to spend 23% of their income to rent a typical apartment. The national average is nearly 30%. In Los Angeles, it’s 36%, in Miami it’s more than 40%, and in New York City it’s 57%…