The bar chart compares the average monthly income and the cost of renting an apartment per person in Toronto across 4 decades, from the 1980s to the 2010s.
Overall, it is evident that although income levels showed a gradual increase until the 1990s, the cost of renting an apartment rose more sharply, particularly in the 2010s, when it surpassed the average income.
In the 1980s, the average income from salary was 300$, whereas the rent cost is at around 350$. In the following decade, both figures increased, but the cost of renting reached nearly $450, remaining higher than salary, approximately $350.
During the 2000s, the average salary dropped slightly to around 350$, whereas rent decreased to about 290$. However, in the 2010s the average income remained nearly $250, while the rental price rose dramatically to almost $500, that doubled the average income.
To summarize, sharp changes occurred only in 2010, while in all previous years the situation changed gradually.
