Where are Renters Spending Half of Their Income for Housing in the U.S.?
MONDAY, JUL 27, 2020
It’s a well-known fact that rents are highest in cities like New York, San Francisco, and Chicago. But as a percentage of income, slightly more than 10 million Americans are spending 50 percent (or more) of their income on rent at a time when a pandemic is driving record unemployment levels and threatening millions with eviction, according to a Social Explorer analysis of 2014-18 American Community Survey data.
The figures show that affordable housing is an issue that doesn’t respect regional boundaries. Almost 40 percent of renters in Turner County, Ga., spent half their income on rent, trailed slightly by residents of Clarke County, Va. (38.9 percent) and Madison County, Idaho (38.9 percent). Other relatively expensive rental markets include Somerset County, Md. (38.4 percent), Watauga County, N.C. (38.2 percent), and Clay County, S.D. (37.9 percent).
Examine the true rental costs in your county with Social Explorer’s award-winning interactive tools here.
Renters Spending 50% or More of Income on Housing. Click here to explore further.