The housing affordability problem in Los Angeles and the rest of the country is widespread and its severity is clear. Over half of Los Angeles renters are cost-burdened by housing and over 20 million renters nation-wide spent more than 30% of their income on housing in 2016. This memo reviews various housing affordability benchmarks across the country which can help shape how researchers and policymakers choose to address soaring housing costs.
Housing Affordability Standards
Homelessness Policy Research Institute
Year: 2018