Rent Burden Highest in Florida and California

This imbalance is contributing to high rates of "rent burden," which for the purposes of this analysis is defined as spending 30 percent or more of pretax income on rent. rent-burdened households have higher eviction rates, increased financial fragility, and wider use of social safety net programs, compared with other renters and homeowners.

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Rent burden is defined as spending more than 30 percent of household income on rent. In 2009, more than half of renter-occupied households with children (54 percent) experienced rent burden. Between 2002 and 2009, the proportion of households with children affected by rent burden increased significantly.

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That makes Florida the most "rent-burdened" state in the nation, topping such other high rent states as California and New York. The study reports that only 30 percent of residents in those two states spend half their income on rent. At a major complex for farmworkers in Florida, residencies are riddled with holes.

With rents rising faster than wages, the burden of affording rent is looming larger and larger for many Americans and, in, some cases becoming insurmountable. According to the Zillow Group Consumer Housing Trends Report 2017 , 79 percent of renters who moved in the last 12 months experienced an increase in their monthly rent before moving to a.

At the state level, Florida has the highest cost burden rate at 56.5 percent. Nearly one in three cost-burdened renters (30.2 percent) lives in California, New York or Florida. While these are also some of the nation’s most populous states, they make up a notably larger share of the cost-burdened renter population than of the overall population.

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Rental Burdens: Rethinking Affordability Measures. In cities like New York, households often face considerable rental burdens and high costs of living. How much of your income should you set aside for rent? With the cost of housing on the rise, researchers are reexamining the 30-percent rule of thumb for measuring rental burden.

Florida and California Home to Some of the Most Unaffordable Metros for Renters The share of cost-burdened renters is 49.7 percent nationwide, but this figure varies significantly across metros. Of the largest 100 metros in the U.S., Miami has the highest share of cost-burdened renters at 62.8 percent, while Ogden, Utah, has the lowest share, at 37.9 percent.

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