It's no secret that many Americans are forgoing homeownership in favor of renting. In 2020, renters in the U.S. occupied 43 million housing units.
The Stacker team looked at data from a United States Census survey that revealed an estimated 43,378,800 renter-occupied homes in the United States as of 2017, which makes up 36.1% of all households in the country. In 2019, renting was more affordable than buying a median-priced home in 59% of the counties; in 2021, the opposite was true: Owning was more affordable than renting in 63% of U.S. counties.
Stacker compiled a list of counties in Arizona where people spend the highest percent of income on rent using data from the U.S. Census Bureau. Of course, saving money by owning a home is unattainable for many Americans who don't have savings that could cover a down payment, those who are denied a mortgage, or both. Keep reading to see where in your home state most of people's take-home pay goes to their monthly rent.
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- Median percent of income spent on housing: 8.4%
--- Percent of households spending <20% of income on housing: 79.2%
--- Percent of households spending >30% of income on housing: 10.4%
- Total occupied households: 3,132
- Median household income: $63,473
- Median monthly housing cost: $446
- Median percent of income spent on housing: 10.2%
--- Percent of households spending <20% of income on housing: 65.3%
--- Percent of households spending >30% of income on housing: 13.6%
- Total occupied households: 20,867
- Median household income: $32,508
- Median monthly housing cost: $276
- Median percent of income spent on housing: 13.5%
--- Percent of households spending <20% of income on housing: 57.4%
--- Percent of households spending >30% of income on housing: 20.6%
- Total occupied households: 9,346
- Median household income: $34,643
- Median monthly housing cost: $390
- Median percent of income spent on housing: 16.4%
--- Percent of households spending <20% of income on housing: 53.7%
--- Percent of households spending >30% of income on housing: 23.3%
- Total occupied households: 34,990
- Median household income: $40,067
- Median monthly housing cost: $546
- Median percent of income spent on housing: 17.6%
--- Percent of households spending <20% of income on housing: 52.9%
--- Percent of households spending >30% of income on housing: 22.9%
- Total occupied households: 11,017
- Median household income: $51,353
- Median monthly housing cost: $752
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- Median percent of income spent on housing: 18.2%
--- Percent of households spending <20% of income on housing: 52.3%
--- Percent of households spending >30% of income on housing: 23.7%
- Total occupied households: 21,945
- Median household income: $43,524
- Median monthly housing cost: $660
- Median percent of income spent on housing: 18.3%
--- Percent of households spending <20% of income on housing: 53.1%
--- Percent of households spending >30% of income on housing: 25.1%
- Total occupied households: 50,163
- Median household income: $49,260
- Median monthly housing cost: $750
- Median percent of income spent on housing: 19.8%
--- Percent of households spending <20% of income on housing: 49.8%
--- Percent of households spending >30% of income on housing: 27.2%
- Total occupied households: 86,889
- Median household income: $45,587
- Median monthly housing cost: $752
- Median percent of income spent on housing: 20.3%
--- Percent of households spending <20% of income on housing: 49.3%
--- Percent of households spending >30% of income on housing: 25.8%
- Total occupied households: 141,300
- Median household income: $58,174
- Median monthly housing cost: $986
- Median percent of income spent on housing: 20.6%
--- Percent of households spending <20% of income on housing: 46.8%
--- Percent of households spending >30% of income on housing: 30.7%
- Total occupied households: 98,386
- Median household income: $52,451
- Median monthly housing cost: $901
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- Median percent of income spent on housing: 21.0%
--- Percent of households spending <20% of income on housing: 45.2%
--- Percent of households spending >30% of income on housing: 31.0%
- Total occupied households: 404,739
- Median household income: $53,379
- Median monthly housing cost: $936
- Median percent of income spent on housing: 21.2%
--- Percent of households spending <20% of income on housing: 46.0%
--- Percent of households spending >30% of income on housing: 28.7%
- Total occupied households: 73,098
- Median household income: $45,243
- Median monthly housing cost: $801
- Median percent of income spent on housing: 21.6%
--- Percent of households spending <20% of income on housing: 44.4%
--- Percent of households spending >30% of income on housing: 34.7%
- Total occupied households: 15,853
- Median household income: $41,259
- Median monthly housing cost: $742
- Median percent of income spent on housing: 21.7%
--- Percent of households spending <20% of income on housing: 44.5%
--- Percent of households spending >30% of income on housing: 30.6%
- Total occupied households: 1,552,096
- Median household income: $64,468
- Median monthly housing cost: $1,167
- Median percent of income spent on housing: 21.9%
--- Percent of households spending <20% of income on housing: 46.5%
--- Percent of households spending >30% of income on housing: 30.0%
- Total occupied households: 47,447
- Median household income: $59,460
- Median monthly housing cost: $1,083
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