More evidence emerged Wednesday that San Diego’s accelerating economy is driving up rents faster than employers are increasing wages, pinching many households.
The San Diego County Apartment Association reported that the average rent in the county was $1,514 a month in its April survey. That’s up 20 percent from the same time last year, although association officials cautioned that its survey does not precisely compare the same set of units each year.
Yet other recent, larger surveys have found even higher average costs, ranging from $1,575 to $1,756 per month — with rents rising at annual rates of between 3 percent and 6 percent — roughly double the 2 percent pace of average wage growth.
