Housing costs have surged and it’s becoming increasingly difficult to rent an apartment in the United States.
The price to rent a home or apartment is on the rise. Soaring coasts are putting more renters in a position of being significantly cost burdened. With higher costs, more income needs to be directed towards paying the rent.
By The Numbers
The number of cost-burdened households rose by 3.6 million from 2008 to 2014 to a stunning 21.3 million households. Even more concerning is that the number of households with severe burdens (ie: paying more than 50% of income for housing) jumped by 2.1 million to a record 11.4 million households.
Where It’s Difficult To Rent
Read more here.
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