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News@lemmy.world • 6 months ago

Nearly half of US renters spend more than 30% of their income on housing costs

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Nearly half of US renters spend more than 30% of their income on housing costs

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News@lemmy.world • 6 months ago

Nearly half of US renters spend more than 30% of their income on housing costs | CNN Business

Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.

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irotsoma
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28•6 months ago
I don’t know anyone spending less than half of their income on housing.
- @Sam_Bass@lemmy.world
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  5•6 months ago
  i spent roughly 40% on average last year. this year my insurance has spiked more than 60% so thats history
  - @veni_vedi_veni@lemmy.world
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    2•6 months ago
    You live in Florida?
    - @Sam_Bass@lemmy.world
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      2•6 months ago
      no. texas

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