Tenants will find dwindling cost advantages when choosing California’s cheapest places to rent compared with the state’s priciest spots. It’s an interesting metric because it’s a mix of Census Bureau figures and results from the company’s own rental listings for 47 states, the District of Columbia, and 583 US cities – including 82 in California. (Yes, no Alaska, Maine or Vermont). My spreadsheet created a rent “bargain” yardstick by splitting the 82 California cities into two groups.
For high-priced rents, we looked at what stat geeks call the “75th percentile” – the middle price of the 41 cities ranking in the upper half of rents statewide. That cost was compared with low-rent districts: the “25th percentile” – which is the middle rent for the cheapest 41 cities. (FYI: The often-used median is the 50th percentile.) Back in 2017, there were 36% in rent savings between these measurements of California’s costliest and most inexpensive market
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