Over half of renters are housing-burdened

Fifty-two percent of renters and 23% of homeowners were housing-burdened in 2022, according to the Census Bureau. Both figures are lower than they were in 2010 but higher than they were in 2019 and 2021.

How much of one’s income should go toward housing?

The Department of Housing and Urban Development considers those who pay more than 30% of their income on housing to be “housing-burdened.” The department recommends having at least 70% of income available for expenses beyond housing.