As rents across the country rise, many working adults are doubling up with roommates or parents in order to cut costs and share living expenses:
– Across the country, 30 percent of adults live with either a roommate or parent, up eight percentage points since 2000.
– Los Angeles, Riverside, Calif. and Miami have the greatest share of adults living with a roommate or parent. These metros also have some of the nation’s most expensive rents.
– Americans making the national median income should expect to spend about 30 percent of their monthly income on a rental payment, but in Los Angeles, renters spend almost half.
Nationally, nearly one in three adults live with a roommate or parent, the greatest share ever reported, according to a new Zillow® analysis. As rental affordability deteriorates, more U.S. adults may be choosing double up in order to cut costs.