Nearly half of US renters spend more than 30% of their income on housing costs | CNN Business
www.cnn.com
Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
  • SpaceNoodle@lemmy.world
    102·
    27 days ago

    I wonder if it’s net or gross.

    Besides, it’s not seven figures, just mid-six figures necessary for that.

    • expr@programming.dev
      8·
      27 days ago

      The typical “30% on income” advice is based on gross, not net. Which is about 93,000 a year for the median mortgage payment right now.