IRVINE (CBSLA.com) — Danielle Varon says she pays $1,745 a month to live in a studio apartment in Irvine.
But privacy comes with a price. She is one of a growing number of millennials whose rent is going up much faster than her income.
Varon says at least 50 percent of her income goes to her rent.
Real estate agent Sam Orozco says many of his friends are forced to live with roommates or move outside Orange County.
“If you’re a millennial you’re looking at a minimum-wage job, it’s nearly impossible to get by and live, let alone eat and survive,” Orozco says.
According to Real Answers, the average studio in Orange County is $1,500, up 6.7 percent in just the last year.
1 bed 1 bath $1700, up 4.9%
2 bed 2 bath $2200, up 6.0%
3 bed 3 bath $3000, up 6.4%