The average rent was $308 in 1980 and now is $1,837 in 2023 — How much will it be in 2030?

by
Sharing is Caring!

by TonyLiberty

Median salary in 1980 was 21k. Now it’s 57k.

1980 rent was 5.7% of income, now it’s 38.7% of income.

See also  Mortgage rates rose for a sixth consecutive week. The average 30-year fixed-rate mortgage rose to 6.79%.

1980 median home price was 47,200, now it’s 416,100

See also  Nvidia mania cools as distance from 36-month average peaks, trapping FOMO buyers.Who want's to address the elephant in the room?

A home was 2.25 years of salary. Now it’s 7.3 years of salary.

 


Views: 85

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.