3 ms·
You can rent for below median though.
by cpncrunch 2y ago
You can rent for below median though.
- averageRoyalty 2y agoYou've missed the point though. Yes you can get above median wages and below median rent, but in a highly competitive market (low unemployment, low housing supply) you probably won't. Even fudging the numbers so 50-60% of your post tax income is rent doesn't leave a lot on the table for savings, other (high) cost of living expenses etc. Additionally, median wage is a reach for those in their first 5-10 years of career, but the jobs are still highly focused in cities.