According to the U.S. Census Bureau, median asking rent has surged by a staggering 56% since 2019.
As a result, median asking rent now accounts for about 29% of the average monthly disposable personal income.
In comparison, this share was significantly lower in 2019—around 24%.
In other words, rent has been rising much faster than household income after taxes.
Even renting a home is becoming a luxury.
submitted by /u/XGramatik
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