New York has most severe rent burden

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rent burden

A WalletHub study looked into the share of median household income that would be required to pay the median rent plus energy costs. The state-by-state rankings are shown below:

Source: WalletHub
Rank State Cost of housing as share of median monthly household income
1 New York 54.52%
2 Hawaii 52.88%
3 Massachusetts 48.78%
4 Florida 42.64%
5 Maine 41.78%
6 California 41.76%
7 Illinois 39.74%
8 Oregon 38.03%
9 Vermont 37.41%
10 Rhode Island 36.01%
11 Connecticut 34.41%
12 Maryland 33.60%
13 South Carolina 33.27%
14 Arizona 32.24%
15 Kentucky 31.45%
16 Louisiana 30.90%
17 New Hampshire 30.56%
18 Washington 30.02%
19 Tennessee 29.94%
20 New Mexico 29.84%
21 North Carolina 29.04%
22 Nevada 28.97%
23 Michigan 28.37%
24 Pennsylvania 28.35%
25 New Jersey 27.62%
26 Ohio 27.47%
27 Wisconsin 27.32%
28 Idaho 27.27%
29 Montana 27.01%
30 Delaware 26.81%
31 Alaska 26.52%
32 North Dakota 26.00%
33 Colorado 25.83%
34 Texas 25.36%
35 Mississippi 25.35%
36 Indiana 25.29%
37 Missouri 25.10%
38 Virginia 25.03%
39 Alabama 24.72%
40 West Virginia 24.41%
41 Nebraska 24.06%
42 Georgia 24.00%
43 Arkansas 23.56%
44 Utah 22.71%
45 South Dakota 22.48%
46 Oklahoma 21.63%
47 Minnesota 21.11%
48 Wyoming 19.64%
49 Iowa 19.32%
50 Kansas 19.11%

The Joint Center for Housing Studies reported last year that half of all renter households spent more than 30 percent of their incomes on rent plus utilities in 2022, the most recent year for which complete data is available. This is the threshold they set for designating a household as being “rent burdened”. Their state-by-state assessment of rent burden is shown in the table below.

State

Moderately burdened (percent) Severely burdened (percent) Total burdened (percent)
Florida 26.3 31.4 57.8
Hawaii 27.2 28.8 56.5
Nevada 25.3 30.6 55.9
California 24.4 29.4 53.8
Massachusetts 24.0 27.7 51.8
Colorado 24.9 26.1 51.1
Connecticut 21.8 29.3 51.0
New Jersey 23.2 27.7 51.0
Texas 25.0 26.0 51.0
Louisiana 21.9 28.9 50.8
Arizona 24.8 25.8 50.8
New York 20.8 29.9 50.7
Oregon 23.6 27.0 50.5
Vermont 21.6 28.4 50.0
Maryland 23.7 26.2 49.9
New Mexico 23.0 26.6 49.6
Georgia 22.7 26.8 49.5
Minnesota 22.9 26.2 49.1
Washington 24.0 24.8 48.7
Michigan 23.1 25.6 48.7
South Carolina 21.9 26.5 48.6
Illinois 20.8 27.2 48.0
Virginia 21.9 25.8 47.6
Pennsylvania 21.0 25.9 47.0
DC 21.9 25.0 46.9
Alabama 19.0 27.3 46.3
Indiana 21.0 25.2 46.2
Kansas 22.8 23.3 46.0
North Carolina 22.2 23.2 45.4
Tennessee 22.7 22.6 45.4
Mississippi 20.3 24.7 45.1
Idaho 23.2 21.7 44.9
West Virginia 19.8 25.1 44.9
Oklahoma 21.4 23.3 44.9
Ohio 19.9 25.0 44.9
New Hampshire 24.3 21.1 44.7
Delaware 22.3 22.3 44.7
Utah 21.8 22.7 44.5
Kentucky 20.2 23.8 44.0
Rhode Island 20.7 23.2 43.9
Missouri 20.5 23.2 43.7
Wisconsin 20.3 23.1 43.5
Nebraska 22.1 21.4 43.5
Maine 21.3 21.9 43.2
Iowa 20.3 22.8 43.1
Arkansas 18.1 23.5 41.7
Wyoming 20.0 21.5 41.5
Montana 19.0 21.8 40.8
Alaska 19.6 18.5 38.0
South Dakota 20.2 17.4 37.6
North Dakota 15.4 21.4 36.8

 

States that rank high on one list also tend to rank high on the other, but the orders are not the same.