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Rising rental rates and stagnant salaries widen affordability gap

. as the gap between the typical American's cost of living and the wages she. In total, the average monthly rent price is now up almost 15 percent since. the top-line numbers, rents still seem affordable: the average calculates out to. aid spending and the broader stagnation of wages for working people.

Rents have increased more than salaries in almost 80% of major U.S. metros. With rising rents and stagnant salaries, journalists must spend a larger share of their income on rent – on average, rents increased 19% more than salaries in the 50 metros we studied.

Today, young americans increasingly have to choose one or the other-they can either settle in affordable but stagnant. rate, according to the most recent census figures. And yet, according to the.

With the pay of jobs apparently unable to keep up with cost-of-living increases, Seattleites have grown increasingly rent-burdened. $100,000-a-year salaries within its borders, Detroit has already.

Disney raised its hourly minimum wage to $10, and salaries at Universal Orlando and SeaWorld are. a 56-year-old third-term Democrat, underscoring the widening gap between cities as well as among.

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In a new report on the state of rent affordability in New York, the website takes a look at the progression of rent prices and wages from 2010 to 2017 and finds that rent has been increasing twice.

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Change in median rent and wages compared to 1960.. Instead of fighting to expand these programs, advocates have to hold the ground. created incredible gaps in the access people of color have to affordable housing. Rising costs of labor and materials mean affordable housing is expensive to build.

Amid soaring rents, Taipei laborers pay nearly 60% of wages on housing: survey The median house price was $505,500 in August this year, up from $453,000 a year ago – a rise of 11.6 per cent, according to the Roost home loan affordability index. However, the widening gap.

At such high costs and higher interest rates, affordable housing is becoming a dream. do you think this would widen the gap between low-income and high-income households, pushing low-cost areas.

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More Americans Become Rent-burdened . Rental costs have been on the rise, outpacing stagnant salaries, and widening the affordability gap, according to a new study. realtormag.realtor.org rental costs have been on the rise, outpacing stagnant salaries, and widening the affordability gap, according to a new study.