Rent in America has been increasing at a faster rate than wages since 2019, with New York City experiencing the largest gap where rents grew over seven times faster than wages last year. A recent analysis by Zillow and StreetEasy indicates that rent growth outpaces wage growth in most US cities, leading to concerns about rental affordability nationwide.
Rents are rising faster than wages across the country, especially in these cities https://t.co/laxsMlWJHv via @cbsmoneywatch
According to a recent analysis by Zillow and StreetEasy, rent has risen faster than wages in most US cities. https://t.co/mmD3uJ4ajl
In New York City, rents grew more than seven times faster than wages last year — the largest gap in the country, per Zillow.
Rent growth outstrips wages in most US metros, new report shows https://t.co/jsGP6T3uFO https://t.co/nvFUrthFSc
‘CAN’T KEEP UP WITH DEMAND’: NYC RENTS GREW SEVEN TIMES FASTER THAN WAGES LAST YEAR — MAKING THE BIG APPLE THE EPICENTER OF THE RENTAL AFFORDABILITY CRISIS (Moneywise) Many Americans dream of living in New York City — but ask any New Yorker, and you may realize the dream is more… https://t.co/LLnXPjtxZq
Zillow reported that since 2019, rent in America has grown 1.5 times faster than wages. https://t.co/dBJKZGTTCZ
Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years https://t.co/Ef4em1c0gF