Part 3/9:
The ongoing surge in living expenses is not merely a symptom of inflation but a complex issue tied to stagnant wages and outdated housing strategies. With the median asking rent reaching a staggering $3,400 per month, the required income for prospective tenants becomes prohibitive. Individuals must earn at least $136,000 a year to qualify for apartments that are too small for the soaring costs, further emphasizing how unattainable living in this city has become for many.