As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens
Pro Builder
JANUARY 31, 2023
have been squeezed by fast-rising rental costs paired with near-stagnant income growth, and as a result, two full-time workers earning minimum wage can comfortably afford a typical two-bedroom rental in just 10 of the 50 largest U.S. In San Francisco, home to the highest one-bedroom rents in the country, an hourly income of $49.01
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