#OOR23 shows how difficult it is for renters to find affordable housing. Find out how much a renter must earn to afford a modest home at https://nlihc.org/oor
This site has these sorts of stats for each state.
So costs are out of control, but wages are at an appropriate level? That doesn’t really make much sense logically. The actual values don’t matter as much as the disparity between the two. If the minimum wage were $100/hr, a house costing $400k wouldn’t be an issue. Similarly, if the minimum wage were $2/hr while homes cost $8k, that also wouldn’t be an issue.
So costs are out of control, but wages are at an appropriate level? That doesn’t really make much sense logically. The actual values don’t matter as much as the disparity between the two. If the minimum wage were $100/hr, a house costing $400k wouldn’t be an issue. Similarly, if the minimum wage were $2/hr while homes cost $8k, that also wouldn’t be an issue.