For 20% of California, half the paycheck or more goes to housing
Briefly

from The Mercury News1 week ago
In California, 2.7 million households – or 20% of the population – face extreme housing burdens, spending over half of their income on shelter. This is the largest proportion among all states, significantly higher than the national average of 15%.
The Mercury Newshttps://www.mercurynews.com/2024/10/25/for-20-of-california-half-the-paycheck-or-more-goes-to-housing/
California has the highest number of renters burdened by housing costs, with 1.63 million households dedicating at least half of their income to rent, equating to 15% of the U.S. total.
The Mercury Newshttps://www.mercurynews.com/2024/10/25/for-20-of-california-half-the-paycheck-or-more-goes-to-housing/
While California ranks fourth in terms of the share of renters paying over 50% of their income on housing at 28%, Florida leads with 31%. This indicates a broader issue affecting renters nationwide.
The Mercury Newshttps://www.mercurynews.com/2024/10/25/for-20-of-california-half-the-paycheck-or-more-goes-to-housing/
Homeowners are also affected by high housing costs, with 1.1 million California homeowners allocating half or more of their income toward housing expenses, showcasing the widespread struggle across all types of housing situations.
The Mercury Newshttps://www.mercurynews.com/2024/10/25/for-20-of-california-half-the-paycheck-or-more-goes-to-housing/
Read at The Mercury News
#housing-crisis #california #income-burden #renters #homeowners
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