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

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According to a March report from the National Low Income Housing Coalition, more than 8.1 million low-income households spend more than half of their income on rent and utilities. The report goes.

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It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016

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The percentage of cost-burdened renters, those paying more than 30% of their income for rent, grew from 40% in 2001 to 46% in 2007. 20 Since then, this increased to 50%, before reducing somewhat.

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