“If you’ve been apartment hunting in Seattle recently, you’ve probably heard someone say, “Seattle is becoming the new San Francisco.” A handful of news sources outside of Seattle seem to confirm this opinion. It sounds like a compliment. Afterall, San Francisco is the city by the bay where Tony Bennett left his heart. But it’s not. Seattle, like San Francisco has had a rapid influx of young, wealthy, tech workers crossing state lines at a rate of about 6,000 per month, dramatically driving up the price of rent to prices unattainable for the average bear.
However, unlike San Francisco, Seattle’s median rent for a one-bedroom in November ranked 10th highest in the country at $1,710 per month whereas San Francisco came in at number one with a median rent of $3,670 per month, according to a recent report by Zumper. Yikes. So while we may be Rice-a-Roni, we aren’t the San Francisco treat.”