Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
fortune.com Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
cross-posted from: https://lemmy.world/post/15303533
Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
2 comments
Somewhat related: last week I saw my old job from 2008 listed online.
Sixteen years later, and the compensation for that job is ten percent LESS today than what I made in 2008.
My apt from 2016 went from $1250 to $2000 a month in five years. Nothing has changed. I moved during the first increase and been keeping tabs.