The bar chart illustrated the estimated rental cost that residents of five different cities—Los Angeles, Dublin, Melbourne, Vancouver, and Seoul— from 2002 to 2022. The US dollars are used to display the prices.
Overall, it is clearly evident that Seoul, which was earlier in the most cost-effective megacities, has now turned into the most costly. It was additionally significant to bring up that, in the end, Melbourne’s fees were far less than those in other cities.
First of all, the numbers showed that costs had sharply increased in every city. On top of that, to rent an apartment in Seoul in the start of 2002, you needed about $300, whereas in Melbourne, you needed about $500. However, more than two decades later, fees rose to their highest points, increasing by three times in the latter city and by over seven times in the former.