The U.S. Median Income Rose to $80,610, but Home Values Are Also Soaring—and It’s Not Always Cheaper to Rent

The U.S. Median Income Rose to $80,610, but Home Values Are Also Soaring—and It’s Not Always Cheaper to Rent

Americans’ incomes have risen for the first time in four years, according to the [U.S. Census Bureau](https://www.cnn.com/2024/09/10/politics/2023-census-median-income-data). That’s good news for workers, but not necessarily for homebuyers. Median household income rose to $80,610 in 2023, essentially the same as it was at its pre-pandemic peak in 2019. That represents a 4% jump from 2022. But
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