Since Q2, rent has decreased as a percentage of income.

Median rent as a percentage of median earnings of full-time workers, by quarter in 2023

Income is based on annualized weekly earnings among full-time workers according to the Bureau of Labor Statistics’s Current Population Survey. National quarterly median rent was calculated by averaging the median rent of the three months in each quarter.
Source: ApartmentAdvisorGet the dataDownload imageCreated with Datawrapper