Facts about US Renters
I just read this article by Rebecca Leppert from Pew Research. You can read the full article here.
10 Facts about US Renters During the Pandemic
Article Summary:
The article from Pew Research Center focuses on the housing issues faced by renters in the United States during the COVID-19 pandemic. The Census Bureau's American Housing Survey data was analyzed to provide the following key findings:
1) 46 million households rented their homes in 2021, accounting for more than a third of all households in the US;
2) A disproportionately large percentage of renters were Black or Hispanic, and younger than 45;
3) Renters tended to live with at least one other person, with two-bedroom arrangements being the most common;
4) The median household income for renters was $41,000 in 2021, compared with $78,000 for homeowners;
5) The median monthly cost of rent alone increased 12% since before the pandemic;
6) Some metropolitan areas saw significant rent increases, with San Francisco having the highest median monthly rent; and
7) Around one-in-six U.S. adults had problems paying their rent or mortgage during the pandemic, with Black and Hispanic adults and lower-income Americans being more likely to face this issue.
