56% of California renters slammed by housing costs vs. 35% of homeowners

More than half of California's renters face a significant housing-cost burden, with 56% spending 30% or more of their income on housing, reflecting national trends.

The financial stress of housing is evident not only in California but across the nation, where 52% of all renters and 25% of homeowners are similarly affected.

Comparatively, California ranks highest in the number of renters and homeowners experiencing housing cost burdens, highlighting an ongoing affordability crisis that impacts millions.

States like Florida and Nevada also face significant challenges, but California leads with 3.2 million renters and 2.4 million homeowners bearing the cost burdens.

Read at The Mercury News