Rents rose by 8% on average from 2022 to 2023, which was the highest annual average growth seen since 2000.
Rents rose by 8% on average from 2022 to 2023, which was the highest annual average growth seen since 2000.
Nearly half of all renter households spend more than 30% of their income on housing costs, qualifying them as “cost-burdened,” according to US Census data in September.
cross-posted from: https://lemmy.ml/post/21645276
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Nearly half of all renter households spend more than 30% of their income on housing costs, qualifying them as “cost-burdened”
I’m curious who the fuck the other half are. I don’t know anyone who rents who spends less than 30% of their income on housing.
Well, there are still some (few) tenants in the US that have some form of rent control.
And there are others who have high income, obviously.
all the people who are gifted housing by their rich relatives are fucking up the averages
Renting for 1 dollar
"more than 30%" is doing a lot of legwork here
Yeah basically everyone I know spends between 40-60%