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.
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That means you would need a $9.61 per hour raise @40 hours a week, 52 weeks a year to get $20,000 before taxes.
Good luck getting 40 hours a week
My yearly income is US$10k. It's insane.
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