Affordable Housing, Community Development, Homelessness, Reports and Publications

ACS: Renters Continue to Struggle

 

More than half of American renters pay more than one third or more of their income towards rent, and more than one quarter spend half or more, according to new data from the 2010 American Community Survey (ACS).

The ACS data, released on September 22, show that nationwide, median gross rents rose from $842 in 2009 to $855 in 2010, while the number of renters characterized as “housing cost burdened,” or spending more than 30% of their income on housing, rose to 19.4 million in 2010, up from 18.5 million in 2009. Those spending at least half their income on rent rose to 10 million, up from 9.4 million in 2009.

In Connecticut, the 2010 median gross rent fell from $1,006 in 2009 to $992 in 2010, but the number of renters spending more than 30% of their income on housing rose to 219,829 (50.4%), up from 204,159 (49.4%) in 2009.  Over a quarter - 27% (117,643) - of Connecticut renters spent at least 50% of their income on housing in 2010, up from 26.5% (109,685) in 2009. The number of overall renters in Connecticut also rose to 435,192 in 2010, up from 413,163 in 2009.

To read the Census Bureau’s press release on the 2010 ACS data, click here.

 
 

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