New Analysis Shows Retail Wages Can’t Keep Pace With Rising Housing Costs
Pressures in the rental market continue to outpace retail workers’ earnings, according to a new Redfin analysis that shows service-sector wages remain far below what is required to afford a typical apartment in the United States.
Redfin reports that retail employees earn a median annual wage of $34,436 , while the income needed to comfortably rent the median U.S. apartment, priced at $1,779 a month , is $71,172 .
That leaves the typical worker earning 51.6% less than what is required under standard affordability guidelines, which define rent as affordable when it consumes no more than 30% of income.
In Los Angeles , where the median apartment rent is $2,676 , retail workers earning about

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