Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 » Mortgage Masters Group

Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 » Mortgage Masters Group

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Rising Rents, Stagnant Wages, and the Burden of Unstable Housing. Nearly a third (30 percent) of households nationwide, representing roughly 73 million adults, report they’re struggling or just getting by financially. And it’s no wonder; Americans spend on average a median of 29.1 percent of their income on rent,

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We make about $30,000/yr. How much house are we gonna be able to buy? Does it matter that we’ve payed $700 for rent without fail for 6 years? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

About 11.4 million American households are paying more than half of their incomes to afford their rent, a record high, according to a new report from Harvard’s Joint Center for Housing Studies.

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