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Tag: Median Income
We've highlighted the annual household income required to be in the top 50% in 50 major US metro areas, from lowest to highest income needed.
Home prices have been rising faster than incomes, and builders aren't able to keep up with the demand for affordable housing. In Los Angeles for example, rent costs more than 100% of the typical income for the lowest-earning residents.
The median household income was on the rise in 42 states last year.