Americans are being pushed out of several cities in the United States for a simple reason: The cost of living is on the rise.
Gentrification, income inequality, and slow wage growth are all factors in the equation, and for millions of people, it means having to move out of their homes to find cheaper alternatives.
This is on full display in places like the Bay Area, where the tech boom has driven home prices and the cost of living through the roof — while many of the area’s natives have been left behind.
But that’s just one example. The same thing is happening in many other cities as well. The Census Bureau’s data says that the average American household earns roughly $53,000 per year, which is enough to live comfortably in many parts of the country. But in certain cities? An average income means barely scraping by.