Share of income needed to pay rent increased the most for low-income households from 2019 to 2021. Learn more in this America Counts story.





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America Counts: Stories Behind the Numbers

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Low-Income Renters Spent Larger Share of Income on Rent in 2021

The pandemic began in the United States following a period of rising home prices and declining interest and vacancy rates. These pressures increased during the pandemic, contributing to higher home prices and rents.

The percentage of household income renter households spent on gross rent (rent plus utilities) ? the housing cost ratio ? increased nationwide from 2019 to 2021, according to recently released data from the U.S. Census Bureau?s 2021 American Community Survey (ACS).

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But renter households with the lowest annual incomes, a population that traditionally has less income available for other essential goods, experienced the largest percentage point increases.

When a household has a cost ratio of over 30%, it is considered cost-burdened, according to the?Department of Housing and Urban Development (HUD).?Severely cost-burdened households have cost ratios of over 50%.

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* Renters expenditures on rent since 2019
* The difference in renters' household incomes versus homeowners
* Low-income renters being the hardest hit
* Renter households at all income levels more likely to be cost burdened?





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