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Rent Burden Highest in Florida and California

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Florida, Hawaii, and California have the worst scores: each of them have cost-burden rates of 57% or higher. 30% of renters there spend more than half their income on rent. States on the costly coasts (the Northeast, Southeast, and West Coast) performed most poorly: almost every state there had cost-burden rates higher than the national average.

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More than half of San Diego renters are cost burdened.. from 2005 to 2015, the highest in California, while income increased 26.1 percent.

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At $1,012, real median gross rent in the United States was at its highest level in 2017 since the series began in 2005. At $1,082, real average gross rent in the United States was at its highest level in 2017 since the series began in 2005.

Of the 100 metropolitan statistical areas with the most renters, these 19 have the highest proportions of renters facing a cost burden. All of these cities had at least 54% of their renters spending more than 30% of their income on rent, but miami-fort lauderdale-west palm beach took the lead by a wide margin.

But in general, housing cost burden – and particularly severe housing cost burden – is considered a reliable proxy for precarious household finances. Study Specifics SmartAsset looked at Census Bureau data to find the cities where the highest and lowest proportion of residents were spending 50% or more of their income on housing costs.

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 · The report also highlights the bleak image of renters in 20 of the 25 metros, who are cost-burdened by median rent. Miami has the highest cost-burden rate with 62.7 percent, the highest.

Exhibit 1: Most Rent-Burdened Metro Areas.. San Jose, California, is ranked inconsistently by the different reports.. average income, the average median rent in the four cities in Florida is only about 2 percent lower than the.

 · Rental costs across the state are some of the highest in the country. While listed housing prices dipped dramatically in the wake of the Great Recession, rents in California remained relatively.