A new report from Zillow shows that rents continue to outpace incomes, forcing more Americans to live together to share expenses. The analysis shows a jump in the percentage of adults living in doubled-up households without being married or partners to 32 percent as of 2012 from 25.4 percent in 2000 and 30.8 percent in 2010. The metro areas with the highest percentages of adults with roommates are Los Angeles (47.9 percent), Miami (44.5 percent), New York (42.5 percent), and San Diego (39.7 percent). The rise in doubled-up households can be attributed to the fact that Americans earning the national median income of $53,216 expect rent to account for an all-time high of nearly 30 percent of their monthly incomes. Many would rather live with roommates than downsize or move to a cheaper area. | Read More
Recent Posts
- Bowers & Wilkins Px7 S2 Headphones: A New King Has Been Crowned
- These Modern Finds Will Help Make Home Feel More Like a Spa
- Pottery Barn Launches a 150-Piece Accessible Home Collection
- F5: Scott Henderson Talks Powerful Graphic Images, Travel + More
- The Woods WeHo Opens an Eco-Zen, Buzz-Worthy Dispensary Backed by Woody Harrelson
Archives
Categories
- Decor (1,476)
- Energy Saving Tips (15)
- Green Design (22)
- Greening Tips (757)
- Home Improvement (1,558)
- Home Remodeling (16)
- Home Security (10)
- Homeowners News (1,265)
- Homeowners News;Top Story (3)
- Housing and Mortgage Trends (465)
- Insurance (1)
- Maintenance and Repair (10)
- Safety (4)
- Smart Home Tech (1,141)
- Top Story (106)