Harvard University recently created an interactive map that is not only utterly depressing, but also a definite reminder that renting in the D.C. area is a disheartening hurdle for almost every resident. The map separates different areas by the percentage of households with cost burdens. What the data shows is that almost half of the nation's renters pay more than 30 percent of their income on housing. Meanwhile, a little more than one-quarter of renters pay more than half their incomes on housing, according to an annual report released by Harvard's Joint Center for Housing Studies. Washingtonian further reported that the D.C. area has a total of 368,900 households burdened by housing costs with 46 percent paying more than 30 percent of their incomes on rent and 22.4 percent paying more than 50 percent. When dividing areas by income, the data isn't any more cheerful. Roughly seven out of 10 households that make between $15,000 and $75,000 are cost burdened, while roughly eight out of 10 households that make less than $15,00 are cost burdened.
· Report: 46 Percent of D.C. Area Renters Burdened by High Housing Costs [Washingtonian]
· Mapping Every Renter and Homebuyer in Washington, D.C. [Curbed DC]
· Mapping the Cheapest and Most Expensive Places to Rent in Washington, D.C. Right Now [Curbed DC]
· Can You Afford to Rent in Washington, D.C.? [Curbed DC]
· Ten Facts You Should Know About Renting in Washington, D.C. [Curbed DC]