"To better understand how rents and affordability have changed over time, Apartment List analyzed Census data from 1960 - 2014. We find that inflation-adjusted

"To better understand how rents and affordability have changed over time, Apartment List analyzed Census data from 1960 - 2014. We find that inflation-adjusted rents have risen by 64%, but real household incomes only increased by 18%." -- https://www.apartmentlist.com/rentonomics/rent-growth-since-1960/ https://www.apartmentlist.com/rentonomics/rent-growth-since-... The graph lower down on the page is informative, too: only in Las Vegas and Austin did the median rent increase equally to the change in median renter income. In every other urban area, the rent went up faster.