From U.S. Census Bureau <[email protected]>
Subject 🆕 Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race
Date September 12, 2024 3:20 PM
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New 2023 American Community Survey 1-year estimates are now available.





United States Census Bureau [ [link removed] ]





American Community Survey: New Statistics Available from the 2023 ACS 1-Year Estimates [ [link removed] ]

*Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race*

Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households in the United States for whom rent burden is calculated. Although the median ratio of income-to-housing costs for renters [ [link removed] ] remained unchanged from 2022 at 31%, there are differences in the income-to-housing cost ratio when comparing across householder’s race. That’s according to newly available data tables released today from the 2023 American Community Survey (ACS) [ [link removed] ], 1-year estimates.

"Housing costs rose between 2022 and 2023 for both homeowners and renters. The median cost of housing for renters rose from $1,354 to $1,406 (after adjusting for inflation)," said Molly Ross, a survey statistician with the U.S. Census Bureau. "And new data from the 2023 ACS, 1-year estimates show that the share of a rented household’s income that goes towards these housing costs differs by householder race.”

*Read More* [ [link removed] ]


Households are considered cost-burdened when they spend more than 30% of their income on rent, mortgage payments, and other housing costs, according to the U.S. Department of Housing and Urban Development (HUD). Households spending more than 50% of their income on housing costs are considered severely cost-burdened.

"Continue reading [ [link removed] ] to explore more data highlights on housing, income, poverty, and health insurance. "

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?? New on America Counts

AC Health Coverage [ [link removed] ]

*Health Coverage for Working-Age Adults Rose in Every State Since 2013*

Many states continued to see improvements in health insurance coverage rates for all age groups between 2019 and 2023, according to American Community Survey (ACS) data released today.

Uninsured rates dropped in 17 states for children, 42 states for working-age adults, and in one state (Florida) for adults age 65 and older from 2019 to 2023.

The report, State Health Insurance Coverage: 2013, 2019, and 2023 [ [link removed] ], highlights changes in the health insurance landscape across the states in the past decade, from the implementation of key provisions of the Patient Protection and Affordable Care Act (ACA) [ [link removed] ] through the COVID-19 pandemic and resulting economic and policy changes.

An interactive dashboard [ [link removed] ] also released today focuses on the 2022 to 2023 changes as well as the 2019 to 2023 changes across the states. A companion working paper [ [link removed] ] further examines the working-age adult population by smaller age groups across states.

*Read More* [ [link removed] ]

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AC Story Rent Burden [ [link removed] ]
Largest Annual Real Increase in Gross Rental Costs Since 2011 [ [link removed] ]

The real median gross cost of renting — rent plus the average monthly cost of utilities and fuels adjusted for inflation — grew faster annually (3.8%) than real median home values (1.8%) in 2023 for the first time in 10 years, according to the 2023 American Community Survey (ACS) released today.


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AC Child Poverty [ [link removed] ]
Older Adults and Child Poverty Rates Changed in Many States in 2023 [ [link removed] ]

Poverty rates for both the youngest and oldest populations changed in many states in 2023, according to American Community Survey (ACS) data released today. Child poverty rates "decreased" in eight states and poverty rates for the 65 and older population "increased" in 10 states. 







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?? You May Be Interested In

* *?? Data Visualization: *Health Insurance Coverage and Type by State [ [link removed] ]
* *Press Kit: *2023 American Community Survey 1-Year Estimates [ [link removed] ]
* *Pre-Release Webinar:* 2023 American Community Survey 1-Year Estimates [ [link removed] ] 





About the Census Bureau

We serve as the nation’s leading provider of quality data about its people and economy. The Census Bureau is the federal government's largest statistical agency. As the world’s premier statistical agency, we are dedicated to making our nation a better place. Policy-makers, businesses, and the public use our data to make informed decisions.

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