Here Are States Where Residents Spend the Most on Rent

Two states that are among the world’s biggest tourist destinations are also the priciest for renters, a new study has found.

Hawaii and California top the list of states where renters spend the biggest chunk of their paychecks on housing, according to an analysis by Forbes Home.

The average monthly income of Hawaiians is $5,079, yet residents spend an average of $2,136 on rent. This means 42% of their income on average goes to rent. Most of the population is located in the capital of Honolulu.

California is second on the list at 28% of income going toward rent. This is based on a monthly income of $6,385, with the average rent being $1,818. While California has some extremely pricey homes for rent, it also has low-income housing spread across the state, and that brings down the average.

California and Hawaii are the first and 10th most visited states in America, according to Vivid Maps. (Read more from “Here Are States Where Residents Spend the Most on Rent” HERE)

Photo credit: Flickr

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