The Cost of a Home Is Now 20 Times Higher Than 1970
3 min readAug 2, 2022
But we’re only earning 5 times more…the numbers don’t add up
The raw numbers: Homes
In 1970, the average cost of a home was $17,000.
In 2022, the average cost of a home is $348,000.
That is 20 times higher than in 1970 (an almost 2000% increase.)