An analysis by the website Apartment List says more than half of Tucson renters spend more than one-third of their (our) income on rent.
The site used U.S. Census data from 2007 to 2014 to look into which cities and states have the most “cost-burdened renters,” meaning people who give more than 30 percent of their monthly income to a landlord to pay for a roof over their heads. Nationwide, 52 percent of people are “cost-burdened.” In Tucson, the number is even higher at 55.6 percent—rent prices continue to increase, but salaries remain low. Employers have high demands, but don’t think workers deserve a living wage.
Apparently, San Francisco, Seattle, Denver and Austin did well, because incomes have “increased in line with rent growth.” Well, at least Tucson is doing better than Miami, Detroit and Los Angeles, where more than 60 percent of the population is spending a big chunk of their income on rent.
Read the entire report on Apartment List’s website.
With the U.S. homeownership rate at its lowest since 1967, the U.S. renter population is the largest it has ever been, and now stands at 43 million households. The share of U.S. renters facing cost burdens, however, has risen steadily in the past 50 years, from 24% in 1960 to 38% in the year 2000. Since then, rents have continued to rise steadily, increasing by 3.2% last year – twice the pace of overall inflation.
The past few years have seen modest increases in renter incomes, but they are still lower than 2001 in inflation adjusted terms. As a result, the share of cost-burdened renters (paying more than 30% of their income on rent) has risen in many cities and states across the nation. According to the census data used in our analysis, the share of cost-burdened renters is 40 percent or higher in all but two states as of 2013.
This article appears in Dec 17-23, 2015.
Her point is? If the overtaxed Tucson/Pima County would reduce the burden would decrease, whatever that means. Another non-sense from the socialist author. If renters want upscale apartments and pay too much then that is the renters problem. There are many cheap apartments in Tucson and what hasn’t been factored in that we have a large student population with no or little income.
Her next article will be to ask for mandated lower rents and fee rent for illegals too. Or to confiscate the properties, except the Apartment owners and Developers are in bed with the Democrats in Tucson and pay for the elections of their shills in Oro Valley, so that will not happen.
Good paying Jobs, such as mining, would go a long way to mitigating this unfortunate imbalance. Of course this would require making changes to the landscape; something the eco-nuts will never allow their Democratic lapdogs to approve.
Strange, the left whines about the loss of good jobs to overseas ventures and does everything possible to make basic industries look afar because of over regulation and needlessly protracted approval processes.
“Employers have high demands, but don’t think workers deserve a living wage.”
What are these hypothetical high demands and what do they have to do with rent?
Regardless of how you define “living wage”, if wages go up rent will go up as more renters have more money to compete for the same apartments.
Employers hope there employees can read and figure out how to answer the phone without alienating customers. We have destroyed numerous skill sets through our schools.
Ask the UA what they do with incoming freshmen in regards to learning to read.
Good thing the Republican Congress (with complete Democratic support) is voting today to quadruple H-2B visas so there will be plenty more competition for jobs and rent and wages will stay low for you lowly serfs.
Great article comrade! These imperialist pigs need to open their borders and provide cheap/free rent for the workers!
I used to roll my eyes when I heard people throw the word “socialist” around.
Is there anything that our Guatemalan Transgender Illegal Alien championing author likes about this country? Honestly.
Lighten up on the propaganda Stalin junior, your hammer and sickle is showing:)
Border is wide open and benefits are flowing from the taxpayers to the illegals. In all of that name calling what makes you think she’s an author?
Probably somebody’s fiancee visa.
Thank you for the information on the article, María. Growing income inequality should be an issue we’re discussing. I suppose that’s too much to ask for from people hiding behind a two party control mechanism. It’s much easier to dehumanize, generalize and cheer for the illusory home team.
I wonder what unconscious buttons your pushing with so many? Blind hate always precedes the fall.
“Based on data in the table below, about 66.9 percent of wage earners had net compensation less than or equal to the $43,041.39 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $28,031.02 for 2013.”
https://www.ssa.gov/cgi-bin/netcomp.cgi?ye…
Income disparity is growing. It’s actual fact.