1993 vs Today
The purchasing power of the median household has collapsed. See the data from 1993 below.
Labor Multiplier
It is now 1.2x harder to buy a home than in 1993.
Cost of Living: 1993 Prices
1993
Median Income
$31,240
House Price
$126,500
Today
Median Income
$83,730
House Price
$418,975