48 Days
Source:
New York Post
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California renters face highest rents in America amid housing crisis forcing residents to leave
California faces the highest housing costs in the United States, with a median gross rent of $2,104 monthly, contributing to its ranking as the third-most expensive state. The state's housing subindex nearly doubles the national average due to decades of underbuilding, driving up prices for renters and buyers and prompting many residents to leave. Despite higher median household incomes, California's cost of living significantly reduces purchasing power compared to other states.
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