The graph illustrates the average annual rental prices in five major metropolises (Los Angeles, Dublin, Melbourne, Vancouver, and Seoul) from 2002 to 2022. Overall, the data reveals significant swings and trends in rental prices in these cities during the two decades.
In 2002, the city with the highest average rental cost was Los Angeles, above $500, followed by Vancouver, slightly below $500, and Vancouver a little below.
In 2012 the trend continues that the most expensive city is Los Angeles with a cost above $1000, respected by Vancouver with a cost of approximately $800, and Melbourne in third place with a cost of $700. For this year, as in 2002, the cheapest cities were Seoul and Dublin with an approximate cost of $600 and $550 respectively.
By 2022, the increase was notable in all countries, with values a little above $2000 for Seoul, exceeding $1500 for Vancouver, and above $1500 for Los Angeles, followed by Dublin with a very narrow margin below about $1500 and Melbourne $1330 approximately.