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Economy

“Once affordable, Phoenix rents among fastest rising in US”

“Phoenix long has been considered an inexpensive place to live, but that may be changing. Even some middle-class people are struggling to make ends meet as the desert city experiences some of the nation’s fastest-rising rents, jumping as much as 7% over the past year.

The metro areas of Miami; Knoxville, Tennessee; and Raleigh-Durham and Charlotte, North Carolina, as well as Washington, D.C.; Denver and Colorado Springs, Colorado, are among others with rapidly soaring rents…”

https://apnews.com/ae1aed4b8c1303e57fe1ef6b148af222

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