Households that spend 30% or more of their income on rent are considered “housing cost burdened,” left with little leftover income after paying for housing and taxes to cover other costs like food, transportation, household bills and clothing. In August, the typical rent burden nationwide for all households was 30.3% — just over the cusp of being a burden. But rent burdens are unequal across races, and while the nation’s white and Asian households typically spend below the 30% threshold (28.6% and 26.0%, respectively), Black and Latinx communities spend more – 34.0% and 32.1%, respectively.
Read more: https://bit.ly/2YEXh7l
