Affordability shrinks for renters

About 25% of renters spend more than half of income on housing

Rental housing is home to 38 million U.S. households today, according to the National Low Income Housing Coalition (NLIHC). While households can choose to rent for a variety of reasons, for many of these Americans, it is a matter of economic necessity.

The average renter wage in the U.S. is estimated to be $13.52 per hour, according to