San Francisco, home to a profusion of left-wing ideologists contemptuous of one-percenters, now commands a hefty median rent of $4,225 a month.
Overall, the San Francisco Chronicle reports that the San Francisco Metropolitan region is the fastest growing rental market in the USA.
According to Zillow, the entire Bay Area shows a sizzling-hot rental market over the last year. Skyrocketing rents in Oakland are up 21.6%; Berkeley, up 30.9%; Emeryville, up 29.5; and San Jose, up 14%. Even rents in Daly City are up over 200%.
Rents are accelerating to the point that Silicon Valley tech elites are looking elsewhere to hook up their routers, plant their flat screens and park their electric vehicles.
A comparable apartment in the heart of Kansas City, MO might fetch about a $1,000/month.