I live in a small town where incomes are between $20,000-$30,000 / year. My rent in a 2-bedroom was $265 in 1998. Now, the same 2-bedroom is $600. It went up $170 just in the last couple months after local RE agent bought the property with hopes of getting richer.
My income has hardly changed in 22 years, working at a newspaper company and cost of living has skyrocketed.
This is why the rich get richer and the poor get poorer. Most of us are moving out, if not out already.