Housing costs hit new record of $2,775 per month. Almost double since the pandemic

Housing costs hit new record of $2,775 per month. That’s almost double since the pandemic — and the inflation. Housing costs are now nearly half of median family income — for housing alone. As a result, it now takes $110,871 in annual income just to qualify for the median home — up over $30,000 since the pandemic began. The young are being locked out of the middle class, and there’s no relief in sight.

Housing costs hit new record of $2,775 per month.

That's almost double since the pandemic — and the inflation.

Housing costs are now nearly half of median family income — for housing alone.

As a result, it now takes $110,871 in annual income just to qualify for the median… pic.twitter.com/UGzspD42BD

— Peter St Onge, Ph.D. (@profstonge) April 29, 2024

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