By Derek Miller | smartasset
Trying to find an affordable apartment is almost a full-time job for renters in America’s largest cities. But the housing crisis ranges in severity, depending on which city you consider. In Columbus, Ohio, for example, the average renter spends 28.1% of their income on rent. In New York City that figure is 32%, and in Detroit the average renter spends nearly 37% of income on rent. With such a high percentage of income needed to pay for rent, renters are often unable to save up for a down payment and are locked out of the mortgage market.
To get a closer look at this issue, SmartAsset analyzed data for two-bedroom apartments in the 25 largest American cities to see where you need the most income to afford rent. Check out the data and methodology section below to see where we got our data and how we put it together to create our ranks.
