U.S. Now Thoroughly Rent Burdened

Average U.S. rent burden reached 30 percent for the first time ever at the end of 2022, according to a recent analysis.

1 minute read

January 24, 2023, 12:00 PM PST

By James Brasuell @CasualBrasuell


HipKat / Shutterstock

The national average rent-to-income (RTI) in the final quarter of 2024 rose 1.5% from year-ago and 0.2% from Q3, according to recent analysis by Moody’s. It’s the first time RTI has reached 30% since Moddy’s began tracking the data more than 20 years ago.

An online article, linked below, shares more details from the report, including context of how rent-to-income trends break down at the regional level and how they shifted during the pandemic.

According to the analysis, Nevada (+4.9%), Florida (+4.8%), Alabama (+4.2%), South Carolina (+4.2%), Arizona (+4.1%), and New Mexico (4.0%) have experienced the highest increase in the state’s average rent burden over the past three years, due mostly to rental prices increases outpacing household income growth.

A few states have achieved recent relief from rent burden, however. RTI dropped in Maryland (-0.62%), Oklahoma (-0.49%), Arkansas (-0.16%), Minnesota (-0.08%), and Utah (-0.02%) over the course of 2022. In Q4, Georgia (-1.7%) and Maryland (-1.2%) both recorded average rent decline at the state level.

Thursday, January 19, 2023 in Moody’s Analytics CRE

View of Mount Hood at golden hour with Happy Valley, Oregon homes in foreground.

Clackamas County Votes to Allow ADUs, Residential RVs

County officials hope the zoning changes will help boost the housing supply in the region.

June 18, 2024 - Mountain Times

Single-family homes in a suburban neighborhood in Florida.

New Florida Law Curbs HOA Power

The legislation seeks to cut down on ‘absurd’ citations for low-level violations.

June 16, 2024 - The Guardian

Aerial view of intersection in New York City with yellow cabs and zebra crosswalks.

Planners’ Complicity in Excessive Traffic Deaths

Professor Wes Marshall’s provocatively-titled new book, "Killed by a Traffic Engineer," has stimulated fierce debates. Are his criticisms justified? Let’s examine the degree that traffic engineers contribute to avoidable traffic deaths.

June 13, 2024 - Todd Litman

Faded image of vacant storefront in rural area with American flag stars painteind on windows.

COVID Isn’t to Blame for the Retail Vacancy Crisis

A drop in demand for retail space began well before the seismic shifts of the pandemic.

1 hour ago - Slate

Heavy New York City traffic headed toward Holland Tunnel in Manhattan.

Judge Rules in Favor of MTA in Congestion Pricing Suit

Advocates of the program are calling on Gov. Hochul to reinstate the program in light of the decision.

5 hours ago - StreetsBlog NYC

Digital drawing of person holding city skyline with wifi symbols and lines indicating smart cities or data.

Cities Awarded for Data-Driven Projects

The What Cities Works Certification recognizes cities for using data to solve real problems.

June 21 - Smart Cities Dive

City Planner I

Department of Housing and Community Development

City Planner II

Department of Housing and Community Development

City Planner Supervisor

Department of Housing and Community Development

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.