Rent Burden Highest in Florida and California

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In contrast, white and Asian or Pacific Islander men were the least burdened with 40 and 39 percent of them in the nine counties living with rent burden, respectively.

Florida, Hawaii, and California have the worst scores: each of them have cost-burden rates of 57% or higher. 30% of renters there spend more than half their income on rent. States on the costly coasts (the Northeast, Southeast, and West Coast) performed most poorly: almost every state there had cost-burden rates higher than the national average.

Cost-burdened renters are low in SF, because high-income renters have increased. which cities and counties have the highest number of "rent-burdened. rent burden is defined as paying more.

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That much less than San Jose, California, the most expensive rental market in the country, with a median rent of $1,840 a month. Meanwhile, the median annual income for a renter in Miami is just.

While Southern California homeownership once symbolized the achievement of the California Dream, Los Angeles now has one of the most populated rental markets in the country. With 60% of Angelenos occupying the rental market, the city joins New York, Miami, and San Fransisco as major cities with the highest rates of renters.

Rent burden higher in Fla. than in N.Y. or California NEW YORK – Oct. 19, 2015 – A new study by Make Room suggests that residents of Florida spend too much of their income on rent each month. According to the report, 30.3 percent of Floridians spend at least 50 percent of their monthly income on rent.

"Florida actually has the highest share of cost-burdened renters of any state," says Igor Popov, chief economist for Apartment List. As the rental market in Florida continues to be squeezed, both tenants and landlords should pay attention to laws set in place to dictate landlord-tenant relations .

How much rent can you really afford? This rent affordability calculator from Zillow uses your specific financial situation to help you decide.

Florida and California are home to renters that carry the highest cost burdens on their housing expenses, according to new data released by Abodo.. Among the top 10 cities where renters spend more than 30 percent of their income on rent, California occupied six slots while Florida dominated in the top market (the Miami-Fort Lauderdale-West Palm Beach corridor, with at 63.89 percent of renters.

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