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News@lemmy.world · 1 month ago

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

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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

return2ozma@lemmy.world to

News@lemmy.world · 1 month 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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1 month ago
Just a small distinction. Not more than 1/3 of your income should be rent. Also this figure is based on the net income, not pre-tax

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