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A comment on California has the USA’s highest poverty rate, when factoring in cost-of-living. Parent comment
The median home price in Plano, TX is $317,800 according to Zillow (March 12, 2017 https://www.zillow.com/plano-tx/home-values/)
One bedroom apartments in Plano rent for $956 a month on average and two bedroom apartment rents average $1293. (according to RentJungle https://www.rentjungle.com/average-rent-in-plano-rent-trends...)
Plano (https://en.wikipedia.org/wiki/Plano%2C_Texas) is a suburb of Dallas-Ft.Worth where many people who work in the Telecom Corridor https://en.wikipedia.org/wiki/Telecom_Corridor live. It is similar to the Silicon Valley and more generally urban areas in California but with much lower home prices and apartment rental rates.
The high housing prices are not a consistent nationwide pattern.
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The median home price in Plano, TX is $317,800 according to Zillow (March 12, 2017 https://www.zillow.com/plano-tx/home-values/)
One bedroom apartments in Plano rent for $956 a month on average and two bedroom apartment rents average $1293. (according to RentJungle https://www.rentjungle.com/average-rent-in-plano-rent-trends...)
Plano (https://en.wikipedia.org/wiki/Plano%2C_Texas) is a suburb of Dallas-Ft.Worth where many people who work in the Telecom Corridor https://en.wikipedia.org/wiki/Telecom_Corridor live. It is similar to the Silicon Valley and more generally urban areas in California but with much lower home prices and apartment rental rates.
The high housing prices are not a consistent nationwide pattern.