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According to the Carrie Bradshaw index, it's getting harder to live alone in 2025.
Yahoo Finance· 2025-10-19 19:30
Affordability Trends - The number of cities considered unaffordable for solo living has increased from 38 to 41, based on the median income and studio apartment rents [1] - Financial experts generally consider rent affordable if it's less than 30% of gross income [1] - New York City has the largest affordability gap between median rents and median wages [2] Regional Changes - Houston, Dallas, Raleigh, and Durham have become unaffordable due to new residents, corporate relocations, and faster-rising rents than wages [3] - Memphis experienced the biggest change in affordability, with average studio rents jumping from $745 to $1,200 per month [4] Affordable Cities - Wichita, Kansas is highlighted as a potentially affordable option, where wages are 75% higher than needed to afford the average studio [4] - Knoxville, Madison, and Denver have shifted from unaffordable to affordable due to rising wages and falling rents [4]
X @The Economist
The Economist· 2025-09-30 16:10
Real Estate Market Trends - The Carrie Bradshaw Index indicates a surge in rent prices in several southern cities [1]