California has seen a dramatic increase in high-rent households, with more than a million renters now paying $3,000 or more a month, doubling since 2019.
The surge in renters in California's $3,000 Club is a response to the state’s competitive housing market, rising incomes, and the continued difficulty of homeownership.
While 18.3% of California renters now pay $3,000 or more in rent, post-pandemic economic shifts and luxury rental trends continue to push costs higher.
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