“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
  • Fedizen@lemmy.world
    0·
    2 months ago

    if the rent is, for instance, 40% of income then the additional income is also to offset the 60% nonrental income.

    eg if you pay 400 in rent and now its 700 your overall income needs to go from 1000 to 1750 to maintain the same level of affordability.