America Counts: Stories Behind the Numbers

📖 Explore highlights from the 2023 ACS 1-Year Estimates release in new America Counts stories from earlier this week.

Largest Annual Real Increase in Gross Rental Costs Since 2011

Every year from 2011 to 2019, real rent costs increased less than 3.0%. In 2022, after the peak of the COVID-19 pandemic, rent grew 1.0% — only one-fourth of the 2023 increase.

Despite this large spike, the share of renter income spent on rent and utilities remained at 31.0% in 2023, an indication that renter household incomes kept pace with rent hikes.

Continue reading to learn more about:

• Rent costs by state
• Incomes keeping up with rent increases

Related Stories

Older Adults and Child Poverty Rates Changed in Many States in 2023

American Community Survey data released earlier this week show that despite a decline in child poverty rates in 2023, they remain higher than other age groups.

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

A brief, infographic and working paper from the American Community Survey estimates released earlier this week show changes in health coverage rates by age and state 2013-2023.

News Release

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 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 on Thursday from the 2023 American Community Survey, 1-Year Estimates.

Help us spread the word about Census Bureau data!

Share this on social media or forward it to a friend.

Related Links

• Press Kit: 2023 American Community Survey 1-Year Estimates
• Pre-Release Webinar: 2023 American Community Survey 1-Year Estimates

About America Counts

America Counts features stories on various topics including: 

• Families, Housing, Employment, Business, Education, Economy 
• Emergency Management, Health, Population, Income and Poverty

For the Media: Contact our Public Information Office for inquiries or interviews. 

Don't miss an America Counts story! Use the button below to sign up and update your preferences.