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.

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

See also  Mortgage-yield spread signals rising consumer risk, hinting at economic downturn pressures. 30 year average US mortgage rates are above 7% again! Dow Jones 1929 vs 2024 update
See also  American Credit Card Debt Rises to Average of More Than $10,000 Per Household

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

 


85 views