Last year marked a bright spot for renters across the United states as average wages grew faster than rents.
Not so in metro Boston.
In 2023, rents grew in metro Boston by 5.8%, while wages decreased by 1%, according to the May 7 Zillow report, which broke down the real estate marketplace’s rental data and Bureau of Labor Statistics figures on average hourly earnings.
Source: Wages are catching up with rents across the US. But not in Boston.
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