Housing in California consumes at least half of paychecks for one-fifth of households, with an alarming 2.7 million individuals spending over 50% of their income.
California's housing market shows that 14% of the nation's extreme income-burdened households reside here, highlighting a significant financial strain on its population.
Renters face greater financial challenges than owners in California, with 1.63 million renters paying at least 50% of their income on housing, making it the highest in the nation.
The data indicates that while California has the greatest number of households paying more than half their income for housing, it doesn't top the list for renters' share.
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