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Nearly Half Of Renter Households Were Rent-Burdened In 2015

Sept. 13, 2017

Many people are spending large chunks of their income on their rent, which inhibits them from using their money on other things, such as saving for a house.

According to NAHB, 48 percent of renter households paid 30 percent or more of their earnings toward rent in 2015. NAHB examined rent-burdened households, sorting by age, location, marital status, and employment status.

Renters in large metro areas, especially along the coasts, were the ones most likely to be rent-burdened.

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