U.S. Economic News: Average Rents
According to a report by Apartments.com in June 2026, the average rent in the U.S. is $1,645/month.
This is +0.4% higher than this time last year.
New York was the highest in the country at $3,046, with Massachusetts second at $2,537. It seems that Oklahoma is becoming DFW North. Some companies are starting to move 3 hours north to take advantage of cheaper conditions. I wonder whether the market will see more of this in the future to attract and retain labor.
The states with the largest rent increases when compared to last year include West Virginia, Illinois, and Hawaii.
Key Measure Starts Clawing Back
The inflation-adjusted data on disposable incomes are worth watching. It is critical across many sectors and is a clear sign of consumer health. At least, it is a symptom of the factors that can create a healthy or sick consumer. Think of it like a thermometer. When it is negative, it’s like a fever, and we know something is wrong with the patient.
At this time, the indicator came in 0.0% Y/Y (better than last month’s -1.1%). Historically, a 2.5% Y/Y growth rate in real disposable income is considered healthy. Even as we have seen some of the strongest years for auto sales, electronics, boats, RVs, and other discretionary retail spending, this figure has been growing quickly.
In 2021, for instance, it grew at a 3.7% pace, and we had the added impact of limited external travel following the pandemic lockdown. Our incomes were largely unchanged; we didn’t have anywhere to spend them.
Income and wage data will be released next week.
Read more on how today’s news and other global items are affecting the supply chain.
