Median Rent vs. Price Level by State

States with higher Price Level tend to have higher Median Rent.

Very strong link: a correlation of 0.94 across 51 states.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$1.25K$1.5K$1.75K$2K90.095.0100.0105.0110.0Price Level (All Items)Median Rent (Monthly, Capped at $3,501)CaliforniaHawaiiWest VirginiaSouth DakotaColoradoRhode Island
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 51 states. The correlation between Price Level and Median Rent is 0.94, a very strong relationship: about 89% of the differences in Median Rent from place to place line up with Price Level. Ranked instead of measured, the link is 0.95.

The highest Median Rent is in California ($2,036), Hawaii ($1,971) and District of Columbia ($1,954); the lowest is in West Virginia ($872), South Dakota ($946) and Arkansas ($947). The median state has $1,234 for Median Rent and 97.1 for Price Level.

The biggest exceptions sit furthest from the trend line. Colorado, Nevada and California have a much higher Median Rent than their Price Level would predict, while Rhode Island, Maine and Illinois 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
California$2,036110.7
Hawaii$1,971110.0
District of Columbia$1,954109.9
Massachusetts$1,762105.8
Colorado$1,761103.1

Lowest Median Rent

PlaceMedian RentPrice Level
West Virginia$87289.5
South Dakota$94688.6
Arkansas$94786.9
North Dakota$95489.0
Mississippi$95487.0

Explore it yourself

More connections