Median Rent vs. Price Level by City

US cities with higher Price Level tend to have higher Median Rent.

Very strong link: a correlation of 0.81 across 418 US cities.CorrelationHow closely two metrics move together, from −1 to +1. Near +1: both rise together. Near −1: one rises as the other falls. Near 0: no clear link.More in the glossary →

$1K$2K$3K90.0100.0110.0Price Level (All Items)Median Rent (Monthly, Capped at $3,501)Cupertino, CADanville, CAYoungstown, OHSan Luis, AZSouthlake, TXEloy, AZ
Each dot is one place. The dashed line is the trend; circled places are named in the text.

Each dot in the chart is one of 418 US cities. The correlation between Price Level and Median Rent is 0.81, a very strong relationship: about 65% of the differences in Median Rent from place to place line up with Price Level. Ranked instead of measured, the link is 0.86.

The highest Median Rent is in Cupertino, CA ($3,501), Danville, CA ($3,501) and Rancho Palos Verdes, CA ($3,501); the lowest is in Youngstown, OH ($728), San Luis, AZ ($741) and Bay City, MI ($766). The median place has $1,387 for Median Rent and 98.4 for Price Level.

The biggest exceptions sit furthest from the trend line. Southlake, TX, University Park, TX and Colleyville, TX have a much higher Median Rent than their Price Level would predict, while Eloy, AZ, Hialeah, FL and Miami, FL have a much lower one.

This is a comparison across places, not proof that one causes the other: both can follow from something else, such as income, age or how urban a place is. Price Level is from 2024 and Median Rent from 2024.

Highest Median Rent

PlaceMedian RentPrice Level
Cupertino, CA$3,501110.4
Danville, CA$3,501115.6
Rancho Palos Verdes, CA$3,501113.6
Foster City, CA$3,501115.6
Southlake, TX$3,501103.1

Lowest Median Rent

PlaceMedian RentPrice Level
Youngstown, OH$72887.4
San Luis, AZ$74192.7
Bay City, MI$76691.9
Yazoo City, MS$76789.0
Douglas, AZ$77289.2

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