Wages Are Growing Faster Than Housing Costs

Y/Y change in median hourly wages, median asking rent and median monthly mortgage payment for homebuyers

Note: Asking rent and wage data cover rolling 3-month periods, the most recent of which is the 3 months ending August 2025. Mortgage payment data cover monthly periods, the most recent of which is July 2025; asking rents cover buildings with 25+ units; mortgage payments assume 15% down payment, insurance and property taxes
Source: Federal Reserve Bank of Atlanta via FRED; rental listings on Redfin.com; MLS data; Freddie Mac mortgage ratesGet the dataEmbed Download imageCreated with Datawrapper