The median salary is 41% less than what is needed to afford rent

Income required to afford median rent vs. median renter income

According to Redfin, an apartment is affordable “if a renter spends no more than 30% of their income on rent.” This approach is consistent with guidance from the U.S. Department of Housing and Urban Development.
Chart: Kenna LeeSource: RedfinGet the dataCreated with Datawrapper