Affordability shrinks for renters

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

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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