Americans spend an entire week’s worth of pay on rent every month—and in some cities, a full two weeks of income is just going to housing
It’s hard to imagine today, but about 17 years ago, rent for Americans was less than $1,000 per month. In 2008, the median rent was just $824 per month; today it’s more than $1,300—and many major metropolitan areas like New York City and Los Angeles dwarf that figure. Between 2022 and 2025 alone, rents jumped … Read more