I feel the same way, very disappointed in the fact that my standard advice to a young person is often still not quite enough to buy very much of house in my area. I moved here in part because "Phoenix is cheap" - now the decent, mid-sized homes in the nice suburbs are 6-700k. We got our newly-built home for $590k in 2023 because we were willing to go to a crappy part of town, but Gilbert/Chandler suburbs, a 2000 SF home is anywhere from 500 to 850, especially if built new (a big aspect here as Phoenix just constantly grows outwards).
And it's true whether they rent or buy, the rental rules are pretty strict - if you want a 2 bedroom apartment at $2200/mo, you have to make 6600 in income to qualify, that's almost $80k.
So now I'm turning to my next advice, which is telling my kids, unfortunately - don't be afraid to move to a cheap part of the country if you need to to live well.
Fortunately my son is graduating in 2 mo. with a master's degree in robotics engineering. I don't see HOW that can land a job less than 6 figures, but it probably will....at least at first. The good thing is he's a saver - a real miser, so he will be fine. My daughter, not so much. She's probably going to have to go straight from Dad's home to Marriage in order to stay off the streets, unless she finds a better paying job or moves out of state. My standard reminder to my family is, "If you aren't satisfied with what we have in Arizona, we can always move to St Louis". So far they have declined the offer.