rentburden
Rent burden refers to the proportion of a household's income that is spent on housing costs. It is a key indicator of housing affordability and can have significant implications for a household's financial well-being. Generally, housing costs include rent, utilities, and other associated expenses.
A commonly used threshold for identifying a rent burden is when a household spends more than 30%
Factors that contribute to rent burden can include low household incomes, rising rental prices, and a shortage
Government agencies and non-profit organizations often track rent burden data to assess the state of housing