05/01/2026
Half of all renters in the U.S. can no longer pay rent without sacrificing everything else.
And that's not hyperbole. That's the all-time record for 2024.
According to Harvard's Joint Center for Housing Studies, in 2024 there were 22.7 million renter households — 49% of all renters — spending more than 30% of their income on rent alone. It's the fourth consecutive year breaking that record.
But the number that stops you cold: 12.1 million households are spending more than 50% of their income on housing.
Half their paycheck. Just to have somewhere to sleep.
Between 2019 and 2024, rental costs rose 38% while renter incomes grew just 28%.
How do you build a life when almost your entire paycheck goes to the roof over your head?