US average rent rose to just under $2,000 per month in April, Zillow reports. Tenants now need to earn 36% more than they did in 2019 to afford a typical rent. While rent growth continues, multifamily construction has softened its advance. Renters just can’t catch a break, with April’s average US rent rising to just […]
Tag: afford
How much annual income do you need to afford a rental? Much more than before, report says
The rate at which rental prices have increased across the nation has began to slow, but the annual income renters need to make to comfortably afford their rental has seen a significant increase. In April, rent prices grew by 0.6% month over month, or 3.6% from last year, slower than the 0.7% month-over-month average seen […]
Where can millennials afford to buy a home? Map shows cities with highest ownership rates
Homeownership is seen as a rite of passage for some, but the current housing market is making that dream unattainable for more and more young people. Research from the Berkley Institute for Young Americans found that people younger than 44 are purchasing homes at a far slower rate than those aged 60 and older did […]
Where can millennials afford to buy a home? Map shows cities with highest ownership rates
Homeownership is seen as a rite of passage for some, but the current housing market is making that dream unattainable for more and more young people. Research from the Berkley Institute for Young Americans found that people younger than 44 are purchasing homes at a far slower rate than those aged 60 and older did […]
In rapidly ageing China, millions can’t afford to retire
Can you afford to take care of your children and parents? Biden revives effort to lower costs
WASHINGTON (AP) — As President Joe Biden runs for reelection, he’s resurrecting proposals to reshape American life from the cradle to the grave by lowering the cost of child care, expanding preschool opportunities and making home aides more available to the elderly. The initiatives were once part of Build Back Better, Biden’s gargantuan legislative agenda […]
Missouri man admits to strangling hospitalized wife to death because he couldn’t afford her medical bills
A Missouri man is facing a second degree murder charge for strangling his wife to death as she was lying in a hospital bed over the weekend, Jackson County Prosecutor Jean Peters Baker announced. According to court records, Ronnie Wiggs admitted to police that he killed his wife, who had come to the hospital for […]
The Salary Needed To Afford Rent in America’s 50 Largest Cities
frankpeters / Getty Images One popular rule of thumb says your rent should be about 30% of your gross income. But how realistic is that number if you’re living in any of America’s 50 largest cities? Renters don’t want to use up all of their salaries on housing, but the costs can be intimidating. Check […]
Biden cannot afford a boiling summer of protest
President Joe Biden can ill afford a long, hot summer of protest that comes to a boil in time for the Democratic National Convention in August and then bleeds into the final weeks of an already venomous clash with Donald Trump. After days of college campus demonstrations — triggered by outrage at the civilian carnage […]
Can South Dakota afford to keep Kristi Noem on its payroll?
Gov. Kristi Noem speaks during a bill-signing ceremony March 6, 2024, at the Capitol in Pierre. (David Bordewyk/South Dakota NewsMedia Association) Whether it’s her hairstyle, dental work or feud with the state’s tribes, at this point it’s impossible to consider Gov. Kristi Noem’s actions without looking through the lens of her perpetual tryout to serve […]
California labor tries again to get unemployment pay for striking workers. Can state afford it?
Reality Check is a Sacramento Bee series holding officials and organizations accountable and shining a light on their decisions. Have a tip? Email realitycheck@sacbee.com. California labor unions are once again fighting to secure unemployment pay for striking workers after Gov. Gavin Newsom vetoed their effort last year. But there is a looming question hanging over […]
William Saliba knows Arsenal cannot afford to drop any more points in title race
Defender William Saliba knows Arsenal have to win their remaining five Premier League games if they are going to become champions. The Gunners returned to the top of the table after a 2-0 win at Wolves on Saturday night and are now level on points with Liverpool following their win at Fulham on Sunday. Both […]