3 ms·
The article starts out talking about median rents, but the data they use is based on something called Fair Market Rent. There’s a link in there explain it.
by baron816 7y ago
The article starts out talking about median rents, but the data they use is based on something called Fair Market Rent. There’s a link in there explain it.
- throwaway98434 7y agoFMR is a close to median value. From the linked definition: "The FMR is the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market" Minimum wage is not a 40th percentile income.