California leads the nation with 1.07 million households paying at least $3,000 in rent, a number that has more than doubled in four years.
The state has 37% of the 2.9 million Americans paying $3,000 or more rent, exceeding the total of the next five highest states combined.
High rents in California are influenced by above-average salaries, a highly competitive housing market, and many families being unable to afford home ownership.
Luxury rentals in California have become a premium product, combining comforts of ownership with fewer hassles for those who can afford it.
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