Bloomberg News
They fled Seattle for Tacoma, San Francisco for Sacramento and New York City for Kingston.
As people relocated during the pandemic, median rents plunged in pricey, more-affluent U.S. counties and soared in cheaper ones where residents tend to earn less, according to a new report by Zumper, one of the country’s largest online apartment rental services. The broader implication is that affordability likely declined nationwide.
Take King County, which includes Seattle and its suburbs and has a median income of about $102,600 – among the highest in the nation. Average rents for a one-bedroom apartment there sank 15% on average from February 2020 through the same month
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