Cost-burdened renters on the rise
The share of cost-burdened renters is increasing in most states, according to American Community Survey data for 2023. A majority of tenant households in 21 states paid 30% or more of their income on rent and utilities, up from seven states in 2019.
The share of cost-burdened renters is increasing, according to American Community Survey data for 2023 compared to 2019. A majority of renters in 21 states pay more than the recommended 30% of income for rent, up from seven states in 2019
