Judging by the number of hours a median-wage worker in a large metropolitan area (population of a million or more) would have to labor to pay the average monthly rent on a two-bedroom apartment, the usual suspects on the West and East coasts are still pretty unaffordable, but so are a few places that might surprise you.
By this measure, Orlando is less affordable than San Francisco, and Austin and Las Vegas less affordable than San Jose. They’re not more expensive in absolute terms, of course; someone moving from San Francisco or San Jose would still find all those places to be pretty cheap, especially if they were able to keep working at San Francisco or San Jose wages. But most people in Orlando and Austin and Las Vegas don’t have that option.
Why is avg rent compared against median wage? Shouldn’t it be median rent as well?
What can you get in SF for $2100. A shithole in Bayview?
Probably he could only find avg rent and median wage data. Yeah ideally you want to compare avg with avg or median with median.
Probably got pulled down by Oakland numbers.