Nearly 77 Percent of Renters in the Los Angeles Area Plan to Relocate: Study

A new study released this month suggests staggering rent prices in Los Angeles and other U.S. cities are pushing some residents out despite a vibrant job market, forcing renters to seek out smaller metro areas.

A for rent sign is posted in front of an apartment building on Feb. 1, 2017, in Los Angeles. According to the Consumer Price Index, rental prices in Southern California have spiked 4.7 percent in 2016 compared to 3.9 percent in 2015. The increase is the fastest since 2007. (Credit:

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