Submitted by lemonzestttttttt t3_1131h10 in dataisbeautiful
Comments
smauryholmes t1_j8nikrp wrote
The US Census Bureau does not release data that frequently
debunk_this_12 t1_j8nznt3 wrote
Who would have thought rent is more expensive in areas that people want to leave
Best-Poem1444 t1_j8rb24v wrote
You should see European cities. Here it's not rare to spend over 40%.
Noctudeit t1_j8nq1ez wrote
Rent is not a "burden". That word implies that it is imposed by some external entity. Rent is the satisfaction of your fundamental need for shelter just like food is satisfaction of your fundamental need of nourishment. Do you consider yourself "burdened" by the fact that your body needs to eat/breathe/excrete?
Angel_Mima t1_j8o3q7x wrote
"Do you consider yourself "burdened" by the fact that your body needs to eat/breathe/excrete?"
Yes
Noctudeit t1_j8oam5n wrote
Then you should file a complaint with yourself.
smauryholmes t1_j8oxlzw wrote
“rent burden” means rent > 30% of HH income. This is the share of households burdened by expensive housing costs relative to other costs.
Best-Poem1444 t1_j8rb4t4 wrote
Over 30% isn't that expensive compared to places like Europe.
smauryholmes t1_j8rcz8r wrote
Yes it is. In Europe people have substantially lower expenses in other large expenditure categories like healthcare and transportation, raising housing as a % of total expenditures. This is not as true in the US.
CrJ418 t1_j8ndsef wrote
2020 data. Wildly obsolete data considering today's market in Florida.
I would be interested in seeing a comparison to 2022 Q3 or Q4 numbers (after the special sessions to "fix" the property insurance situation).