If Rent Was Affordable, Renters Would Have An Extra $6,200 A Year

If renters paid only what they could afford in rent, the average household would have an extra $6,200 per year to spend on other necessities such as groceries, child care, and medical care. According to a new analysis of the nation’s 100 most populous cities by National Equity Atlas, more than half of the nation’s renters divert more than 30 percent of their incomes toward rent and utilities. “Renters are the lifeblood of cities,” said Angela Glover Blackwell, CEO of PolicyLink. “If rents were affordable, renters could meet their basic needs … and contribute even more to thriving communities.”

Read more