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RE: Rent Explosion In The US

in #money4 years ago (edited)

Is that median household income or median individual income? If it's the former, those figures seem a little low.

If wages aren't keeping pace with the home prices, I doubt those home prices are sustainable in the long run. That, or we should expect wages to rise in those areas.

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I used a different source for each state but it SHOULD be median household income.

I definitely don't doubt your data, but that does seem low relative to those costs. Why people don't evaluate the cost of living relative to their income is something I don't quite get.

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