News@lemmy.world · 11 months ago

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

154

cross-posted to:
aboringdystopia@lemmy.world

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Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

return2ozma@lemmy.world to

News@lemmy.world · 11 months ago

154

cross-posted to:
aboringdystopia@lemmy.world

“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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11 months ago
The average rent increase was my entire yearly take-home.

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