@return2ozma to News • 7 months agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square157arrow-up1786arrow-down110cross-posted to: housing_bubble_2aboringdystopia
arrow-up1776arrow-down1external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.com@return2ozma to News • 7 months agomessage-square157cross-posted to: housing_bubble_2aboringdystopia
minus-square@BaldManGoombalink1•7 months agoMedian individual income is $47,684 in 2019 https://www.bls.gov/cps/aa2019/cpsaat39.htm Median individual income is $58,084 in 2023 a little hard to find https://www.bls.gov/cps/cpsaat39.htm Median individual income extrapolated from first quarter data of 2024 is $59,228 https://www.bls.gov/news.release/pdf/wkyeng.pdf Rent units median in January 2024 is> Overall $1,712 Studio $1,434 1-bed $1,591 2-bed $1,892 https://www.realtor.com/research/january-2024-rent/ 2019 Total:$1,097 No bedroom:$934 1 bedroom: $953 2 bedrooms: $1,086 3 bedrooms: $1,217 4 bedrooms: $1,519 5 or more bedrooms $1,586 https://data.census.gov/table?q=B25031: Median Gross Rent by Bedrooms&y=2019
Median individual income is $47,684 in 2019
https://www.bls.gov/cps/aa2019/cpsaat39.htm
Median individual income is $58,084 in 2023 a little hard to find
https://www.bls.gov/cps/cpsaat39.htm
Median individual income extrapolated from first quarter data of 2024 is $59,228
https://www.bls.gov/news.release/pdf/wkyeng.pdf
Rent units median in January 2024 is>
Overall $1,712
Studio $1,434
1-bed $1,591
2-bed $1,892
https://www.realtor.com/research/january-2024-rent/
2019 Total:$1,097
No bedroom:$934
1 bedroom: $953
2 bedrooms: $1,086
3 bedrooms: $1,217
4 bedrooms: $1,519
5 or more bedrooms $1,586
https://data.census.gov/table?q=B25031: Median Gross Rent by Bedrooms&y=2019