Page 9 - Homeownership and Youth Social Mobility: Where comes the feeling of hopelessness among youth, and how can we restore hope?
P. 9
Soaring housing prices vastly outstripped the income growth of
degree graduates
Change in Median Income,
Degree Graduates (at Age 30-34)
In 2001 In 2021
Monthly Income $25,000 $30,000
(non-CPI adjusted)
Income change +20%
Housing price change +399%
(RVD territory-wide, all classes index)
Sources: Census and Statistics Department, Rating and Valuation Department
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