Because average rent is pretty close to minimum rent anyway.
That’s not correct. In a town with three houses for rent ($500, $1000, $1500), the average rent will be $1000.
I agree with the user above: if we’re comparing wages and rent, then at least compare the deciles appropriately. For example, the lower fifth decile with minimum wage. It could be proportional to the number of people in the area on minimum wage.
That’s not correct. In a town with three houses for rent ($500, $1000, $1500), the average rent will be $1000.
I agree with the user above: if we’re comparing wages and rent, then at least compare the deciles appropriately. For example, the lower fifth decile with minimum wage. It could be proportional to the number of people in the area on minimum wage.