Chart of the Day: Percentage of Income Paid in Rent over Time (Age 22 – 34)

Keeping with this week’s theme of affordable rental housing, here’s a chart from Howard Blackson’s Twitter page (not sure its original source) showing the percentage of income paid in rent, on average:

income rent chart

In general, one should not pay more than 1/3 of one’s income to the landlord.

The idea behind this chart is that you can pinpoint the exact time when “your city became unaffordable.” Does anyone have info on average income for young people in Minneapolis or other parts of Minnesota? How would we compare?

Bill Lindeke

About Bill Lindeke

Pronouns: he/him

Bill Lindeke has writing blogging about sidewalks and cities since 2005, ever since he read Jane Jacobs. He is a lecturer in Urban Studies at the University of Minnesota Geography Department, the Cityscape columnist at Minnpost, and has written multiple books on local urban history. He was born in Minneapolis, but has spent most of his time in St Paul. Check out Twitter @BillLindeke or on Facebook.