However, my brother, who is just starting his career works in IT and has a $50,000~ a year salary. He lives in a Tier 3 city in Florida and the median rent for a studio there is $1,500, up from $600 five or so years ago. After taxes, car insurance, car payment, food, and a night out here and there, he barely can save anything after his student loan payments.
This is ridiculous. I can't imagine what others are facing when it comes to the cost of living crisis that is ongoing here. (And for other folks across the pond in England, it's even worse from what I hear.)
Throughout my travels of America, anecdotally, I am seeing more families making long term accommodations out of motels and we seem unwilling from our governments to even address this. I think it's going to get much worse until it gets better unfortunately...