“How expensive?” tracks measurements of California’s totally unaffordable housing market.
The pain: Housing eats up at least half of paychecks in one-fifth of California households.
The source: My trusty spreadsheet looked at the latest Census Bureau stats tracking household expenses in 2023, focusing on what government experts call “extreme burdens” – folks paying 50% or more of their income for housing.
The pinch
California is by far the nation’s largest housing market, so it’s not terribly surprising that it’s also home to the most households spending half of their income on shelter – 2.7 million, or 14% of the nation’s 19.3 million. Next is Texas at 1.7 million, Florida at 1.6 million, New York at 1.5 million and Pennsylvania at 687,900.
What’s distressing is the size of the 20% slice of the Golden State’s population that it represents. That’s the largest slice among the states, and well above the 15% slice nationwide.
New York and Hawaii are next in shares of households spending half-plus on housing at 19%. Then comes Florida and Nevada at 18%. Texas was No. 14 at 15%.
And where is it the hardest to find deeply housing-pinched households? North Dakota and West Virginia were at 9%, South Dakota at 10%, and Iowa and Missouri at 11%.
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