There is one major exception to the trend: real estate.
According to the latest Case Shiller home price index reading, U.S. home prices climbed 4.7% in August, up from 4.6% in July. Rents are also accelerating. In September, rent gains hit another post-recession high at 3.7% year over year. Here's how rent price changes compare with inflation.
The increases have been even greater in areas of high demand. Brooklyn is perhaps the best example, having seen its population climb 7.2% since 2005, even more than Manhattan at 7% and considerably faster than Los Angeles (3.7%) and Chicago (none).
Real estate site Trulia has put together a list of the median rent of every 1 bedroom apartment neighborhood in New York City, along with the percentage of listings above $2,000. Since everyone already knows Manhattan rents are insane (they have 9 of the top-10-most-expensive neighborhoods in the city, according to Trulia data), we wanted to check in on the rental landscape in Brooklyn.
Here are the top-10-most-expensive Brooklyn neighborhoods by 1-bedroom median rent, with the percent of listings above $2,000 in parentheses.
10. Prospect Heights: $2,500 (9%)
9. Williamsburg: $2,600 (25%)
8. Carroll Gardens: $2,600 (12.7%)
7. Greenpoint: $2,800 (40%)
6. Fort Greene: $2,800 (34%)
5. Cobble Hill: $2,800 (38%)
4. Boerum Hill: $2,900 (40%)
3. Brooklyn Heights: $3,000 (48%)
2. Downtown/DUMBO: $3,100 (58%)
1. Vinegar Hill: $3,738 (95%)
Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.