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News@lemmy.world · 7 months ago

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

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

return2ozma@lemmy.world to

News@lemmy.world · 7 months ago

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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6 months ago
Food prices have not outpaced salaries for more than a year now

https://www.bls.gov/news.release/cpi.htm

Food up 2.2%

https://www.bls.gov/news.release/eci.nr0.htm

Private wages up 4.3%

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