$80k is not a low bar, and this is insulting to really talented people I know stuck in below $40k jobs.
that’s not how it works at all
That means the rent is a massive burden on half of the locals at least, likely many more since the burden does not scale linearly.
Second, check median wage and check the distribution of wages compared to house prices.
We're talking how many millions of people here?
that’s not how it works at all