this post was submitted on 12 May 2024
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[–] [email protected] 9 points 6 months ago (2 children)

Headline: "5 years ago renters needed to make less than $60,000 a year to afford the typical rent; now they need to make almost $80,000"

5 years ago renters needed to make less than $60k, they made $69k. Now they need to make "almost $80k", they make $77k. When you put numbers to it, it seems less stark.

Median household income in 2024 is $77,400.

Median household income in 2019 was $68,700.

[–] [email protected] 2 points 6 months ago

That's still pretty stark, but I get the point.

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago)

Median individual income is $47,684 in 2019

https://www.bls.gov/cps/aa2019/cpsaat39.htm

Median individual income is $58,084 in 2023 a little hard to find

https://www.bls.gov/cps/cpsaat39.htm

Median individual income extrapolated from first quarter data of 2024 is $59,228

https://www.bls.gov/news.release/pdf/wkyeng.pdf

Rent units median in January 2024 is>

Overall $1,712

Studio $1,434

1-bed $1,591

2-bed $1,892

https://www.realtor.com/research/january-2024-rent/

2019 Total:$1,097

No bedroom:$934

1 bedroom: $953

2 bedrooms: $1,086

3 bedrooms: $1,217

4 bedrooms: $1,519

5 or more bedrooms $1,586

https://data.census.gov/table?q=B25031:%20Median%20Gross%20Rent%20by%20Bedrooms&y=2019