Renter Income Lagged Rents In Most States And Large Counties
This week NLIHC released Up Against A Wall: Housing Affordability for Renters, an analysis of the American Community Survey (ACS) supplementary surveys in 2002 and 2003 that reports on median gross rents, housing cost burdens, and the ability of the average renter to afford the median rent at the national, state and local level.
"Nationally, the number of households living in unaffordable housing also increased from 2002 to 2003 as renter incomes did not keep up with housing costs. In nearly two-thirds of the cities surveyed in 2003, a household with the median renter income could not afford the median gross rent."
Thanks to Danilo Pelletiere