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 Vermont 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: 20.3%
--- Percent of households spending <20% of income on housing: 44.2%
--- Percent of households spending >30% of income on housing: 31.6%
- Total occupied households: 12,279
- Median household income: $60,925
- Median monthly housing cost: $1,032
- Median percent of income spent on housing: 20.4%
--- Percent of households spending <20% of income on housing: 46.2%
--- Percent of households spending >30% of income on housing: 30.1%
- Total occupied households: 2,740
- Median household income: $44,349
- Median monthly housing cost: $754
- Median percent of income spent on housing: 20.9%
--- Percent of households spending <20% of income on housing: 43.8%
--- Percent of households spending >30% of income on housing: 32.0%
- Total occupied households: 12,434
- Median household income: $50,563
- Median monthly housing cost: $879
- Median percent of income spent on housing: 20.9%
--- Percent of households spending <20% of income on housing: 44.0%
--- Percent of households spending >30% of income on housing: 29.8%
- Total occupied households: 14,584
- Median household income: $68,825
- Median monthly housing cost: $1,201
- Median percent of income spent on housing: 21.1%
--- Percent of households spending <20% of income on housing: 42.2%
--- Percent of households spending >30% of income on housing: 33.9%
- Total occupied households: 11,779
- Median household income: $49,168
- Median monthly housing cost: $866
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- Median percent of income spent on housing: 21.2%
--- Percent of households spending <20% of income on housing: 41.4%
--- Percent of households spending >30% of income on housing: 32.0%
- Total occupied households: 25,338
- Median household income: $56,139
- Median monthly housing cost: $990
- Median percent of income spent on housing: 21.3%
--- Percent of households spending <20% of income on housing: 40.2%
--- Percent of households spending >30% of income on housing: 32.0%
- Total occupied households: 10,546
- Median household income: $64,003
- Median monthly housing cost: $1,134
- Median percent of income spent on housing: 21.4%
--- Percent of households spending <20% of income on housing: 42.2%
--- Percent of households spending >30% of income on housing: 30.6%
- Total occupied households: 14,581
- Median household income: $56,183
- Median monthly housing cost: $1,003
- Median percent of income spent on housing: 21.4%
--- Percent of households spending <20% of income on housing: 42.2%
--- Percent of households spending >30% of income on housing: 30.6%
- Total occupied households: 24,828
- Median household income: $62,791
- Median monthly housing cost: $1,121
- Median percent of income spent on housing: 21.6%
--- Percent of households spending <20% of income on housing: 41.2%
--- Percent of households spending >30% of income on housing: 33.2%
- Total occupied households: 24,298
- Median household income: $60,987
- Median monthly housing cost: $1,100
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- Median percent of income spent on housing: 21.9%
--- Percent of households spending <20% of income on housing: 37.4%
--- Percent of households spending >30% of income on housing: 32.4%
- Total occupied households: 2,956
- Median household income: $71,587
- Median monthly housing cost: $1,309
- Median percent of income spent on housing: 22.2%
--- Percent of households spending <20% of income on housing: 41.4%
--- Percent of households spending >30% of income on housing: 30.3%
- Total occupied households: 18,563
- Median household income: $65,485
- Median monthly housing cost: $1,210
- Median percent of income spent on housing: 23.1%
--- Percent of households spending <20% of income on housing: 38.3%
--- Percent of households spending >30% of income on housing: 34.8%
- Total occupied households: 66,160
- Median household income: $73,647
- Median monthly housing cost: $1,420
- Median percent of income spent on housing: 23.7%
--- Percent of households spending <20% of income on housing: 36.9%
--- Percent of households spending >30% of income on housing: 36.6%
- Total occupied households: 18,943
- Median household income: $51,985
- Median monthly housing cost: $1,025
