The chart shows a steady and positive upward trend in wage-to-rent ratios across the top 10 U.S. states from 2020 to 2025, indicating stronger wage growth relative to housing costs. New Hampshire remains the frontrunner, increasing from 1.45 in 2020 to 1.58 in 2025, reflecting its strong balance between income and rent. Wyoming follows with growth from 1.42 to 1.53, while Iowa improves from 1.35 to 1.48, showing significant affordability gains. Nebraska and South Dakota steadily rise from 1.34 to 1.46 and 1.33 to 1.45 respectively. Vermont moves from 1.32 to 1.44, while Indiana grows from 1.31 to 1.42. North Dakota, Wisconsin, and Minnesota maintain consistent increases from 1.3 to 1.41, 1.29 to 1.39, and 1.28 to 1.38. These figures underline stable income growth outpacing rental increases, making these states more affordable and sustainable for residents over time.
| Labels | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| New Hampshire | 1.45 | 1.48 | 1.50 | 1.53 | 1.55 | 1.58 |
| Wyoming | 1.42 | 1.45 | 1.47 | 1.48 | 1.51 | 1.53 |
| Iowa | 1.35 | 1.38 | 1.40 | 1.43 | 1.46 | 1.48 |
| Nebraska | 1.34 | 1.37 | 1.39 | 1.41 | 1.43 | 1.46 |
| South Dakota | 1.33 | 1.35 | 1.38 | 1.40 | 1.43 | 1.45 |
| Vermont | 1.32 | 1.34 | 1.37 | 1.39 | 1.41 | 1.44 |
| Indiana | 1.31 | 1.33 | 1.35 | 1.38 | 1.40 | 1.42 |
| North Dakota | 1.30 | 1.32 | 1.34 | 1.36 | 1.38 | 1.41 |
| Wisconsin | 1.29 | 1.31 | 1.33 | 1.35 | 1.37 | 1.39 |
| Minnesota | 1.28 | 1.30 | 1.32 | 1.34 | 1.36 | 1.38 |
