Redfin Reports Only 39% of Renters Make Enough Money to Afford the Median-Priced Apartment

The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to afford monthly rent for the median-priced U.S. apartment ($1,653). Only 39% of renters make enough to afford the median-priced apartment.