Californians Spend 30% of Pay on Housing
Millions of Californians spend one-third or more of their paychecks on housing, a new census survey shows.
Combinations of low incomes and expensive housing have forced half the renters in Los Angeles and Anaheim to spend more than 30% of their pay for housing, the new numbers show. In Santa Ana, 52% of the mortgages consume at least 30% of residents’ income.
The median monthly mortgage in California is $1,483, compared with $1,085 nationally. California’s median monthly rent is $765, compared with $612 nationally.