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by em500 992 days ago
It looks like you're relating 2019 individual incomes with 2023 median household rents. A better comparison would be with 2023 household incomes (the median household has more than one income, and one person households are mostly renting smaller/cheaper than the median home).

The 70-percentile US household income was $113,200 in 2021. In 2023 it's likely over $120k (since the median growth of 2022 vs 2021 was 5.4%). The 2023 median US household income is probably around $75k

1 comments

I'm not sure where you're going with that. My point was really that being at the top is nice but the 30th %-ile aren't enthusiastic.

120k is going to be like 85k after tax so assuming they use the median rent rate they went from 21% to 28% of their post-tax salary going to rent. That's certainly going to be noticed (5.5k / month to 5k / month; 10% drop)

And the median household definitely noticed considering their income decreased [1].

[1]: https://www.census.gov/library/stories/2023/09/median-househ...