3 ms·
You'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 supp
by averageRoyalty 2y ago
You'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.