In California, 56% of renters and 35% of homeowners spend at least 30% of their income on housing, reflecting serious affordability challenges state-wide.
California leads the nation with 3.2 million renters in the 30 percent affordability bracket, indicating a severe housing-cost burden affecting everyday life.
The financial stress of housing costs in California is exacerbated by soaring median home prices, now exceeding $900,000, making it a significant crisis.
Renters across the nation are increasingly burdened by housing costs, with 52% of renters in the U.S. facing affordability issues compared to only 25% of homeowners.
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