American Renters Spend Over a Quarter of Income on Housing

In 2022, median rent reached 31.7% of median income — surpassing the 30% threshold that the Department of Housing and Urban Development uses to define “cost-burdened” households.

At the same time, President Trump’s proposed budget introduces significant changes to rental assistance, including a 40% cut to federal programs like the Housing Choice Voucher program and a new 2-year cap on aid for able-bodied adults without dependents.