California led the nation in 2023 with 1.07 million households paying at least $3,000 in rent, more than doubling in four years.
The percentage of households paying $3,000 or more has surged, with California housing costs soaring 42% above the national average.
High rental prices in California, driven by above-average salaries and a competitive housing market, leave many families relying on renting instead of owning.
California's landlords are adept at providing luxury rentals, catering to those who prefer the benefits of ownership without the associated burdens.
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