Study: 52.1% of Renters in Georgia Were Cost-Burdened in 2014

Staff Report From Georgia CEO

Wednesday, October 28th, 2015

Apartment List recently analyzed 2007-2014 Census data to see which cities and states have the most cost-burdened renters (those spending more than 30% of their income on rent). They are releasing their report at 8am ET on Wednesday, Oct 28th, and wanted to give you a chance to preview the results in advance.

Here are some of the highlights from their report:

The share of cost-burdened renters in Georgia increased from 49% in 2007 to 52.1% in 2014.

The share of cost-burdened renters in the US rose from 49.3% to a high of 53.4% in 2011 - an increase of 1.7 million renter households. It has fallen a bit since then, to 51.8% in 2014.

Surprisingly, San Francisco, Seattle, Denver, and Austin performed relatively well - incomes have largely increased in line with rent growth.

Miami, Detroit, and Los Angeles were among the worst performers in our study, with more than 60% of cost-burdened renters.