According to number released by the U.S. Census Bureau, housing costs in California are spiralling up as the state suffers from a housing shortage.
California has the highest percentage of rental units with two or more people living in each bedroom, the figures show. Housing market observers believe more renters statewide, especially recent immigrants, are crowding into apartments and splitting rents because of spiraling housing costs.About 21 percent of households statewide spend half or more of their income on rent, ranking third in the nation behind Louisiana and Oregon... The state ranks second in the nation, behind Hawaii, in median rent and median value of owner-occupied units.
Thanks to Abhijeet Chavan
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