i’m also worried about how they calculate this rent-to-income ratio. > Monroe County in Florida, where the median market rate rent consumes 62.9 percent of the

i’m also worried about how they calculate this rent-to-income ratio. > Monroe County in Florida, where the median market rate rent consumes 62.9 percent of the area’s median household income. at this point, if they’re using the IRS definition of “household”, they’re probably overestimating how much each household pays on rent. as rent per sqft rises there’s a competing effect whereby more people of different tax households pool their income and collectively rent just one unit. e.g. median IRS household income is $100,000. median house rent is $60,000/yr. 4 unrelated people each making the median income choose to share that roof. the median share of income going to rent in this case is 15% — not the 60% that could be calculated if you compared median unit rent directly to median IRS household income. the methodology seems pretty important and should be touched on, otherwise it’s easy for the reader to misinterpret what these numbers actually mean.