Rapidly Rising Rents Squeeze Millions in the Middle Class
American Apartment Owners Association
DECEMBER 2, 2024
When he moved from Memphis to Nashville for a job in 2016, rentals in even the nicest areas were still in reach. Despite earning a middle-class income as an audiovisual technician in Tennessee and consistently landing promotions, the 35-year-old still needs roommates to afford rent. Median rents have gone up 23.4%
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