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> Yet this says housing costs annually would be $12000. How?

Having roommates is extremely common.

There are also a lot of room-for-rent situations that don’t show up on the websites listing apartments. If you’re tapped into local networks of younger people there’s always someone with a room for rent or a group of friends looking for someone to take over a room in a house they’re renting together. Not helpful for someone in their 50s moving to a new city, but for young people living on a budget this is just how it works and has for a long time.

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Roommate listings are for $1000/mo. I still think it’s grossly under what a typical person would need.
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Read the second half of my comments: You're not going to find these roommate situations on public websites. The publicly listed ones are intentionally high.
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I'm guessing it uses the cost of a studio for a single person.
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Which can’t be had for less than $1500/mo here. Studio/1bed are the same.
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I never rented a 1-bedroom apartment until I was married. A studio/efficiency is fine for singles, or even a room.
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Studio/1bed are the same thing here. It’s the same price, same sqft.
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It's basically out of date, since the housing market has changed so rapidly.
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