Figure 19: Rents have increased faster than wages, at all levels

Nominal change, 2018-2023

33%
37%
24%
34%
25%
43%
25th percentile
Median
75th percentile
Source: Wage data from MECEP analysis of US Census Bureau, Current Population Survey, Outgoing Rotation Group via IPUMS. Gross rent data from MECEP analysis of US Census Bureau, American Community Survey dataCreated with Datawrapper