Worsening Housing Affordability in U.S. Costs Renters $2,000 Per Year

Worsening Housing Affordability in U.S. Costs Renters $2,000 Per Year

Rising Rents, Income Stagnation Force Renters to Pay Bigger Share of Income in 2017 According to Zillow, rising U.S. housing rents are eating up an increasingly large share of American incomes, costing the typical renter $2,000 per year. Currently, the median U.S. rental requires 29.1 percent of the median monthly income. However, in the years leading up to the housing bubble, renters spent just 25.8 percent of their income on housing. That...

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