25 Places Where the Average Person Cannot Afford Rent

Americans are spending a larger portion of their income on rent than ever before, with 21.6 million households spending over 30% of their pre-tax income on rent. Some households are even paying up to 50% of their income on rent. The median asking rent for a two-to-four-bedroom apartment is $2,300, and nearly 70% of renter households have a gross family income lower than the U.S. median. A study found that in 25 U.S. cities, the average person cannot afford rent based on the 50/30/20 budgeting rule. These cities include Long Beach, Honolulu, Glendale, Jersey City, and New Orleans.

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