More Americans spending at least half their pay on housing

Unaffordable Rents
This Friday, Feb. 27, 2015, photo shows a sign advertising a house for rent in Los Angeles. More than one-in-four renters must devote at least half of their family income to housing and utilities, according to a new analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. (AP Photo/Richard Vogel)

WASHINGTON (AP) — A new analysis of Census data suggests that amid the economic recovery, a potential rent crisis is building.

Enterprise Community Partners, a nonprofit that helps finance affordable housing, says that for more than one in four renters, rent and utilities consume at least half their family income. The number of such households has jumped 26 percent since 2007. The government defines housing costs in excess of 30 percent of income as burdensome.

Angela Boyd, a vice president at Enterprise Community Partners, says sometimes that means choosing between groceries and the rent.

Barely rising pay and lagging construction have contributed to the problem.

Other than Alaska, South Dakota and Wyoming, at least 20 percent of renters in every state devote at least half their incomes to housing and utilities. The figure is 30 percent in California, Florida, New Jersey and New York.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s