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Here's comes the snotty wealthy renters!



Data: RentCafe; Chart: Tory Lysik/Axios Visuals

High-rolling renters in Chicago are on the rise.


By the numbers: The number of metro-area renters earning $150,000 or more grew by 91.5% from 2016 to 2021, per U.S. Census data.


That's higher than the national average increase of 86%.

What's happening: The amenities arms race is one way properties are catering to well-paid individuals.


Driving the news: High listing prices and mortgage rates aren't making homebuying as desirable as it once was, Apartment List's Salviati says.


"A lot of folks in that high-income band, who in the past would have owned homes, are now continuing to rent — whether that's for lifestyle reasons or because they are feeling like it's not a good time to buy," he says.


More data baby!

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