Rent-to-Income Ratios Hit Record Highs as Renters Face Mounting Financial Strain
Renters in the U.S. are dedicating an unprecedented share of their incomes to housing, with the average renter now spending 44 percent of their income on rent — well above the recommended 30 percent — according to Experian’s 2024 annual rental market report. …
Renters in the U.S. are dedicating an unprecedented share of their incomes to housing, with the average renter now spending 44 percent of their income on rent well above the recommended 30 percent ac… [+3828 chars]
