US Renter Households Suffer Cost Burden as Housing Costs Rise
The US Census Bureau’s 2023 American Community Survey reveals that nearly half of all renter households in the US are cost-burdened, paying more than 30% of their income towards housing costs. This underscores America’s home-affordability crisis, with both buying and renting becoming increasingly prohibitively expensive for many Americans. The median cost of housing for renters … Read more