Housing affordability with different hourly wages in the U.S. 2024

Published by Statista Research Department, Aug 23, 2024

Only renters with earnings in the 70th percentile or higher in the United States were able to afford a two-bedroom apartment. Those in the 60th and 70th percentile could afford to get a one-bedroom apartment in 2024. A majority of the largest occupations in the United States earned a hourly wage below the 60th percentile in 2024, making housing affordability an issue for anyone in these occupations.

Comparison of hourly wages and one-and two-bedroom housing wages in the United States in 2024, by percentile (in U.S. dollars)

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Source

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Release date

June 2024

Region

United States

Survey time period

2024

Supplementary notes

The source adds the following information: "Housing wages based on HUD fair market rents. The hourly wages by percentile from the Economic Policy Institute State of Working America Data Library 2022, adjusted to 2024 dollars."

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