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The number of people in each state who spend half their income on rent

Stacker Logo By Stacey Marcus of Stacker | Slide 1 of 52: It is no secret that millennials and many Americans are forgoing homeownership in favor of renting. The Stacker team looked at data from a United States Census survey that revealed an estimated 43,378,800 renter-occupied homes in the United States as of 2017, which makes up 36.1% of all households in the country. A new study by Attom Data Solutions reveals that renting a three-bedroom place is more affordable than buying a median-priced home in 59% of the counties they analyzed.

With so many people renting rather than buying, it would be useful to take a closer look at each state and see whether renters are spending below 30% of their income on rent. Aside from housing, Americans incur necessary monthly expenses such as groceries, utilities, child care, insurance, and more. In areas where housing is expensive or the median household income is low, it becomes harder for families to juggle the rising cost of living. Since 1981 the government defined people spending more than 30% of their income on housing as “cost burdened,” while those spending more than 50% of their income are “severely cost burdened.”

The Stacker research team has compiled a list using data from the U.S. Census Bureau that ranks states by how many renters spend over half their income on housing. Renters in Nebraska are the most thrifty with only 15.69% of the 33.7% spending over 50% of their income on rent. Halfway through the survey, Stacker notes that 21.22% of the 38% of the renters in the Lone State spend 50% or more of their income on rent.

Can you guess which states lead the pack in households who fork over more than half of their income to pay rent? Here's a hint: It's a toss-up between the Golden State, the Sunshine State, and the Empire State. Read on for more details.
 

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Number of people in each state who spend half their income on rent

It is no secret that millennials and many Americans are forgoing homeownership in favor of renting. The Stacker team looked at data from a United States Census survey that revealed an estimated 43,378,800 renter-occupied homes in the United States as of 2017, which makes up 36.1% of all households in the country. A new study by Attom Data Solutions reveals that renting a three-bedroom place is more affordable than buying a median-priced home in 59% of the counties they analyzed.

With so many people renting rather than buying, it would be useful to take a closer look at each state and see whether renters are spending below 30% of their income on rent. Aside from housing, Americans incur necessary monthly expenses such as groceries, utilities, child care, insurance, and more. In areas where housing is expensive or the median household income is low, it becomes harder for families to juggle the rising cost of living. Since 1981 the government defined people spending more than 30% of their income on housing as “cost burdened,” while those spending more than 50% of their income are “severely cost burdened.”

The Stacker research team has compiled a list using data from the U.S. Census Bureau that ranks states by how many renters spend over half their income on housing. Renters in Nebraska are the most thrifty with only 15.69% of the 33.7% spending over 50% of their income on rent. Halfway through the survey, Stacker notes that 21.22% of the 38% of the renters in the Lone State spend 50% or more of their income on rent.

Can you guess which states lead the pack in households who fork over more than half of their income to pay rent? Here's a hint: It's a toss-up between the Golden State, the Sunshine State, and the Empire State. Click or swipe through for more details.

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