The 5 states where rents are rising the most — and the 5 states where they’re rising least
One thing most Americans can probably agree on is that the rent is too high.
According to new data from the US Census Bureau, more than 21 million renting households spent 30% or more of their income on rent in 2023.
“Housing costs rose between 2022 and 2023 for both homeowners and renters. The median cost of housing for renters rose from $1,354 to $1,406 (after adjusting for inflation),” Molly Ross, a survey statistician with the U.S. Census Bureau said in a press release.
Check out which states saw the highest rises in rent between 2022 and 2023 and which saw the lowest, according to Census Data.
Rent rose 11% between 2022 and 2023 in Wyoming, where the median gross rent went from $895 to $1,000.
Rent rose 12.7% between 2022 and 2023 in Florida, where the median gross rent went from $1,525 to $1,719.
Rent rose 13% between 2022 and 2023 in Utah, where the median gross rent went from $1,372 to $1,551.
Rent rose 13.5% between 2022 and 2023 in New Mexico, where the median gross rent went from $955 to $1,084.
Rent rose 15.1% between 2022 and 2023 in Maine, where the median gross rent went from $1,033 to $1,189.
Rent rose 4.1% between 2022 and 2023 in New York, where the median gross rent went from $1,499 to $1,561.
Rent rose 3.7% between 2022 and 2023 in New York, where the median gross rent went from $984 to $1,020.
Rent rose 3.3% between 2022 and 2023 in Washington D.C., where the median gross rent went from $1,843 to $1,904.
Rent rose 3.3% between 2022 and 2023 in Alaska, where the median gross rent went from $1,329 to $1,373.
Rent rose 2.9% between 2022 and 2023 in Mississippi, where the median gross rent went from $873 to $898.
