Recent reports highlight a growing disparity between wages and rents in major U.S. cities, particularly affecting areas like New York City, Boston, Chicago, and Florida. Despite some wage increases since the pandemic, they are not keeping pace with the rapid rise in rents. In cities like Tampa and Jacksonville, rents have surged more than three times quicker than wages over the last four years. Even in cities where finding an apartment under $1,000 is still possible, the overall economic numbers are troubling, with rents continuing to rise significantly in the 5 U.S. cities with the biggest gap between wages and rents.
Wages for the typical U.S. worker have grown since the pandemic, but for many Americans those gains are being gobbled up by rising rent — especially in these cities. https://t.co/cSii72I6Pc
Wages are catching up with rents across the US. But not in Boston. How bad is it? https://t.co/QD269ItOot @vic_stef #MetroBoston #HousingCrisis #rent #apartments
Rents vs Wages over the last 4 years. “Florida had some of the most dramatic differences — Tampa and Jacksonville have seen rents surge more than three times quicker than wages.” #housing https://t.co/SQ5jPzYITI
Want to rent an apartment in NYC, Boston or Chicago? This chart from @aarthiswami shows how much money you need to make to comfortably afford renting in the 5 U.S. cities with the biggest gap between wages and rents. https://t.co/7byNbwdLHY
Here’s how much income it takes to rent an apartment in New York City, Boston and other big cities https://t.co/mcsJSTJs5Y
A lot of people say rent in NYC is out of control but as this shows, in reality you can still find a decent place for less than $1,000 https://t.co/PQlI5nC2hJ
UGGLY economic numbers…..not only are rents up….but wage increases are NOT keeping up with inflation…. https://t.co/B6a90dVqE4