| EDIT: Seems the best metric is "avg rent burden", the ratio of median_rent/median_income. It increased from 25%->27% from 2001-2024 [a]. Far from a catastrophe, though there is an upward trend since 1999 [b]. There are spikes upwards and downwards, and I'd guess the upward spikes make much better clickbait. [a] https://cre.moodysanalytics.com//app/uploads/2024/02/image-1... , from [4] [b] https://www.moodys.com/web/en/us/about/insights/data-stories... -- Yeah, I couldn't find localize median wages, so I thought minimum wage would be a decent lower-bound. Nationally, the easiest numbers to find are Wolfram Alpha's [1]: Median wage (2001-2020): $27060 -> $46310 (2.9%/yr) Mean wage (2001-2020): $34020 -> $61900 (3.2%/yr) Bottom 10% wage (2001-2020): -> $18140 -> $27340 (2.2%/yr) Mean->Median gap isn't too large, but the bottom 10% is pretty bad. I think there was a temporary spike in rent burden [2] [3] which quickly reversed [4]. [1] eg: https://www.wolframalpha.com/input?i=median+US+wage+2022 [2] https://www.moodysanalytics.com/about-us/press-releases/2023... [3] https://fred.stlouisfed.org/series/DP04ACS006037 [4] https://cre.moodysanalytics.com/insights/market-insights/q4-... |
