{"id":18762,"date":"2024-07-26T11:52:38","date_gmt":"2024-07-26T11:52:38","guid":{"rendered":"https:\/\/junehomes.com\/blog\/?p=18762"},"modified":"2024-10-22T15:59:48","modified_gmt":"2024-10-22T15:59:48","slug":"renting-statistics-report","status":"publish","type":"post","link":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/","title":{"rendered":"Renters&#8217; Reality: Half Live on Less Than $50K per Year"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-1024x683.jpg\" alt=\"A sunrise view of a bustling cityscape featuring a mix of tall modern skyscrapers and older buildings. The sun's rays are peeking through the buildings, casting a warm glow on the high-rise structures and the streets below.\" class=\"wp-image-18813\" style=\"border-radius:5px\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-1024x683.jpg 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-300x200.jpg 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-768x512.jpg 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-1536x1024.jpg 1536w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-150x100.jpg 150w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><svg aria-hidden=\"true\" focusable=\"false\" data-icon=\"clock\" width=\"20\" height=\"20\" fill=\"none\" stroke=\"currentColor\" style=\"display:inline-block;vertical-align:-0.1em\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path><\/svg><\/span><span class=\"yoast-reading-time__spacer\" style=\"display:inline-block;width:1em\"><\/span><span class=\"yoast-reading-time__descriptive-text\">Estimated reading time:  <\/span><span class=\"yoast-reading-time__reading-time\">1<\/span><span class=\"yoast-reading-time__time-unit\"> minute<\/span><\/p>\n\n\n\n<p>Our 2024 renting statistics offer a comprehensive look into the renter income, demographics, behaviors, and preferences of renters, providing valuable insights for rental companies, stakeholders, renters and press. <\/p>\n\n\n\n<p>Here\u2019s an in-depth analysis of the key findings from the data, along with actionable takeaways to enhance customer engagement and satisfaction.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-1024x737.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"737\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-1024x737.png\" alt=\"2024 Renting Statistics Infographic.\" class=\"wp-image-19577\" style=\"width:650px;height:auto\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-1024x737.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-300x216.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-768x553.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-1536x1106.png 1536w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-150x108.png 150w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor.png 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>2024 Renting Statistics Infographic. <\/em><a href=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/Infographic-recolor-1024x737.png\">Click to expand<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><strong>Approach<\/strong><\/p>\n\n\n\n<p>The analysis is based on data extracted from June Homes&#8217; systems, encompassing thousands of renters across 10 major US cities. The methodology involved:<\/p>\n\n\n\n<ol class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Data Collection:<\/strong> Aggregating 2024 data from our internal systems to capture a holistic view of renter demographics and behaviors.<\/li>\n\n\n\n<li><strong>Data Cleaning:<\/strong> Ensuring the data was accurate and consistent by handling missing values and correcting any inconsistencies.<\/li>\n\n\n\n<li><strong>Data Analysis:<\/strong> Employing statistical methods and visualization techniques to uncover patterns and insights across different renter attributes.<\/li>\n\n\n\n<li><strong>Insight Extraction:<\/strong> Identifying key trends and correlations within the data to draw actionable insights.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">TL;DR: 2024 Renters&#8217; Statistics &#8211; Main Insights and Takeaways<\/h2>\n\n\n\n<p><strong>Income Distribution Among Renters in 2024:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Less than $25,000: 30.9%<\/li>\n\n\n\n<li>$25,000 &#8211; $50,000: 19.3%<\/li>\n\n\n\n<li>$50,000 &#8211; $75,000: 21.8%<\/li>\n\n\n\n<li>$75,000 &#8211; $100,000: 13.6%<\/li>\n\n\n\n<li>$100,000 &#8211; $125,000: 7.6%<\/li>\n\n\n\n<li>$125,000 &#8211; $150,000: 4.7%<\/li>\n\n\n\n<li>$150,000 &#8211; $175,000: 2.8%<\/li>\n\n\n\n<li>More than $175,000: 4.4%<\/li>\n<\/ul>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Economic Diversity: The renter population is economically diverse, with a noticeable skew towards lower income brackets.<\/li>\n\n\n\n<li>Affordable Housing Demand: The high number of low-income renters emphasizes the need for <a href=\"https:\/\/junehomes.com\/blog\/2023\/01\/05\/how-much-rent-can-i-afford\/\" target=\"_blank\" rel=\"noreferrer noopener\">affordable<\/a> housing options.<\/li>\n\n\n\n<li>Potential for Market Segmentation: With significant numbers in both low and mid-income ranges, there may be opportunities for targeted rental offerings and financial assistance programs.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.verifiedmarketreports.com\/product\/luxury-rental-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Luxury Rental Market<\/a>: While smaller, the high-income renter segment suggests a niche market for luxury rental properties and premium services.<\/li>\n<\/ul>\n\n\n\n<p><strong>Gender Distribution:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Majority Gender: 58.4% male renters, 40.8% female.<\/li>\n\n\n\n<li>Inclusivity: Small percentage identified as other or did not disclose.<\/li>\n<\/ul>\n\n\n\n<p><strong>Stay Duration by Gender:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Males tend to stay longer than females.<\/li>\n<\/ul>\n\n\n\n<p><strong>Number of Stays by Gender:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Most renters have a single stay; fewer have multiple stays.<\/li>\n<\/ul>\n\n\n\n<p><strong>Marital Status:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>57.7% did not disclose marital status; 98.5% of those who did are single.<\/li>\n<\/ul>\n\n\n\n<p><strong>Age Distribution:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Majority of renters are aged 20-22.<\/li>\n<\/ul>\n\n\n\n<p><strong>Income Information:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>70.2% disclosed income; higher incomes correlate with longer and slightly more repeat stays.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Renters Gender Distribution<\/h2>\n\n\n\n<figure class=\"wp-block-image has-custom-border\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcUvZpfGDZZl4HOnT21linFBl721Li2xXr1qh24h8UOBXQX999bJmywNOuE0Xl0ccmkx_d4_vgTsMn40f5mvjqb8RSV_pG4emX3O41x6oqnlt3XIFlmzTPQp9PeF8hQ5VyQNZqSLWGgw0__DaU8N4YeHqkV?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"993\" height=\"467\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-8.png\" alt=\"A donut chart displaying the distribution of contacts by gender. The chart includes four categories: male (57.6%), female (40.2%), null (2.0%), and other (0.2%).\" class=\"wp-image-18867\" style=\"border-radius:5px\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-8.png 993w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-8-300x141.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-8-768x361.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-8-150x71.png 150w\" sizes=\"(max-width: 993px) 100vw, 993px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Renters Gender Distribution.<\/em> <em><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcUvZpfGDZZl4HOnT21linFBl721Li2xXr1qh24h8UOBXQX999bJmywNOuE0Xl0ccmkx_d4_vgTsMn40f5mvjqb8RSV_pG4emX3O41x6oqnlt3XIFlmzTPQp9PeF8hQ5VyQNZqSLWGgw0__DaU8N4YeHqkV?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>The data reveals that the majority of renters are male, comprising 58.4% of the contacts, while female renters make up 40.8%. Additionally, a small percentage identified as other or did not disclose their gender.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Majority Gender:<\/strong> Male renters are more prevalent.<\/li>\n\n\n\n<li><strong>Inclusivity Needs:<\/strong> A small yet significant portion of renters identify as other genders or prefer not to disclose, highlighting the need for inclusive policies.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Stay Duration by Gender<\/h2>\n\n\n\n<figure class=\"wp-block-image has-custom-border\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcKYTzmJENKzzfaz9KPX1Zbn5PZO-Mm0bjXUE44WKEAXkkyRDwcMcKzdxCAndViFi55MoVOvstDF2gar1mprmaJGS1ujErr4wgAMCPL0xxwHAamRqUzSVZF_Z1Alx88_vlZErZCbumbprrFDKQula5RLE7T?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1408\" height=\"456\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2.png\" alt=\"A stacked bar chart showing the gender distribution across different contact frequency ranges.\" class=\"wp-image-18861\" style=\"border-radius:5px\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2.png 1408w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2-300x97.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2-1024x332.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2-768x249.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-2-150x49.png 150w\" sizes=\"(max-width: 1408px) 100vw, 1408px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Stay Duration by Gende<\/em>r. <em><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcKYTzmJENKzzfaz9KPX1Zbn5PZO-Mm0bjXUE44WKEAXkkyRDwcMcKzdxCAndViFi55MoVOvstDF2gar1mprmaJGS1ujErr4wgAMCPL0xxwHAamRqUzSVZF_Z1Alx88_vlZErZCbumbprrFDKQula5RLE7T?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>Analyzing stay duration by gender shows that males have a higher tendency to stay longer than females. Specific dates also indicate peaks in rental activity.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Long-Term Stays:<\/strong> Males are more likely to have longer stays.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Number of Stays by Gender<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXe1oRudZ9jts6RtnvFC3KjWHzdP-d8SXBCdn6pb-Oq3djdbIZHjKP2sA2mZyNWDLNAQCeK1ApwXUUzitrUek0uADIxg4Oh8FXs-nzos1t1zrpwObVBMDPcflAuY-HsBU4Qn1TnCOZ_cw2TXJQuulqJr4jpc?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1396\" height=\"402\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4.png\" alt=\"A stacked bar chart displaying the number of stays by gender for each stay count from 1 to 9.\" class=\"wp-image-18863\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4.png 1396w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4-300x86.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4-1024x295.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4-768x221.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-4-150x43.png 150w\" sizes=\"(max-width: 1396px) 100vw, 1396px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Number of Stays by Gender. <a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXe1oRudZ9jts6RtnvFC3KjWHzdP-d8SXBCdn6pb-Oq3djdbIZHjKP2sA2mZyNWDLNAQCeK1ApwXUUzitrUek0uADIxg4Oh8FXs-nzos1t1zrpwObVBMDPcflAuY-HsBU4Qn1TnCOZ_cw2TXJQuulqJr4jpc?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>The majority of renters, regardless of gender, have a single stay. There is a significant drop in the number of contacts as the number of stays increases.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Single Stays Dominance:<\/strong> Most renters have only one rental period.<\/li>\n\n\n\n<li><strong>Repeat Stay Potential:<\/strong> Understanding the factors influencing repeat stays can improve customer retention.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Marital Status<\/h2>\n\n\n\n<figure class=\"wp-block-image has-custom-border\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcuTOCL4e1seLVDR-D2ZK9moA2YXFlOeBo2xm8BstAydQ5bgj9nGmumhx0hRsdTWvuqgvBj8YgWVfGwJswXrloZY3VA1FncJSv1kVv32SXA9FcE1zEehc3Bd1Rapez1c_4oK5-azTSoA3f25t22Oue2ptui?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1081\" height=\"457\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7.png\" alt=\"A donut chart displaying the distribution of contacts by marital status.\" class=\"wp-image-18866\" style=\"border-radius:5px\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7.png 1081w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7-300x127.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7-1024x433.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7-768x325.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-7-150x63.png 150w\" sizes=\"(max-width: 1081px) 100vw, 1081px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Marital Status.<\/em> <em><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXcuTOCL4e1seLVDR-D2ZK9moA2YXFlOeBo2xm8BstAydQ5bgj9nGmumhx0hRsdTWvuqgvBj8YgWVfGwJswXrloZY3VA1FncJSv1kVv32SXA9FcE1zEehc3Bd1Rapez1c_4oK5-azTSoA3f25t22Oue2ptui?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>A significant portion of renters (57.7%) did not provide their marital status. Among those who did, single renters constitute the majority (98.5%).<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Data Gaps:<\/strong> The lack of marital status information may affect the accuracy of insights.<\/li>\n\n\n\n<li><strong>Single Demographic:<\/strong> Single individuals form the bulk of the disclosed demographic.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Age Distribution<\/h2>\n\n\n\n<figure class=\"wp-block-image has-custom-border\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXczL3zpSW6X3jHWv4993Du9a0dkS6f1le1741Z5qq2CpBrm6R3Ji6t8vkTYNk0M807nXrhrY5Fqj6q2POomWjDAPmfdNo5A--X-SOHKYsZAfvmEOGbE3DquU597ajPWuBrjUwznFOPpbGtHWIVz9vmMWCuE?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"405\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9.png\" alt=\"A bar chart displaying the age distribution of contacts.\" class=\"wp-image-18868\" style=\"border-radius:5px\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9.png 1600w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9-300x76.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9-1024x259.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9-768x194.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9-1536x389.png 1536w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-9-150x38.png 150w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Age Distribution. <a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXczL3zpSW6X3jHWv4993Du9a0dkS6f1le1741Z5qq2CpBrm6R3Ji6t8vkTYNk0M807nXrhrY5Fqj6q2POomWjDAPmfdNo5A--X-SOHKYsZAfvmEOGbE3DquU597ajPWuBrjUwznFOPpbGtHWIVz9vmMWCuE?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>The age histogram shows a significant number of young renters, particularly between the ages of 20 to 22.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Young Renters:<\/strong> There is a higher number of renters in their early twenties.<\/li>\n\n\n\n<li><strong>Potential Peak Ages:<\/strong> Ages 20 to 22 are common for renting.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Income Distribution Among Renters in 2024<\/h2>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXec0asq7FAW5snTRrUsDm8QT8HTmYna3PVyPCZ6K5wTA8Q3IaKEtuQL0pDOm1mhC9ryDuPKh6bZlOMBGS9perf-2qh6nfg0Z56Nl1rR8Z5lKEiuGl_y-gs7U9vErzEDjFPGQLPbspq-xaPuWdCt561CPQ_l?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1403\" height=\"429\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5.png\" alt=\"A bar chart displaying the distribution of contacts by income bracket.\" class=\"wp-image-18864\" style=\"width:650px;height:auto\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5.png 1403w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5-300x92.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5-1024x313.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5-768x235.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-5-150x46.png 150w\" sizes=\"(max-width: 1403px) 100vw, 1403px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Income Distribution Among Renters in 2024. <a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXec0asq7FAW5snTRrUsDm8QT8HTmYna3PVyPCZ6K5wTA8Q3IaKEtuQL0pDOm1mhC9ryDuPKh6bZlOMBGS9perf-2qh6nfg0Z56Nl1rR8Z5lKEiuGl_y-gs7U9vErzEDjFPGQLPbspq-xaPuWdCt561CPQ_l?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>The analysis of renters&#8217; income data for 2024 reveals a diverse range of income brackets among the contacts:<\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li>Less than $25,000: 30.9%<\/li>\n\n\n\n<li>$25,000 &#8211; $50,000: 19.3%<\/li>\n\n\n\n<li>$50,000 &#8211; $75,000: 21.8%<\/li>\n\n\n\n<li>$75,000 &#8211; $100,000: 13.6%<\/li>\n\n\n\n<li>$100,000 &#8211; $125,000: 7.6%<\/li>\n\n\n\n<li>$125,000 &#8211; $150,000: 4.7%<\/li>\n\n\n\n<li>$150,000 &#8211; $175,000: 2.8%<\/li>\n\n\n\n<li>More than $175,000: 4.4%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Insights:<\/strong><\/h3>\n\n\n\n<p><strong>Low-Income Dominance:<\/strong> A substantial 30.9% of renters earn less than $25,000, highlighting the significant presence of low-income individuals within the renting demographic.<\/p>\n\n\n\n<p><strong>Mid-Range Presence:<\/strong> Renters in the income brackets of $25,000 to $75,000 collectively account for approximately 48.8% of the population. This indicates a strong representation of middle-income individuals among renters.<\/p>\n\n\n\n<p><strong>Decreasing High-Income Representation:<\/strong> As income levels rise, the representation of renters diminishes significantly, with those earning above $75,000 making up only 24.4% of the total rental population. This trend underscores a sharp decline in higher-income renters.<\/p>\n\n\n\n<p><strong>Economic Challenges:<\/strong> Renters earning less than $25,000 represent about 33% of the total, reflecting not only economic difficulties faced by these individuals but also a potential preference for renting instead of homeownership.<\/p>\n\n\n\n<p><strong>Limited High-Income Renters:<\/strong> Those earning above $150,000 constitute only 7% of the rental market, suggesting that high-income individuals are less inclined to rent compared to their lower-income counterparts.<\/p>\n\n\n\n<p>This distribution indicates a significant presence of lower-income renters, with the largest group earning less than $25,000. There is also a substantial segment of renters with mid to high incomes, particularly those earning between $50,000 and $75,000. The number of renters decreases as income levels rise, but a notable portion of renters still falls into higher income brackets. This highlights the need for rental companies to offer a range of services and pricing options to cater to this economically diverse renter population.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXeD0RhAMJLxv5eGPMwReRSsT9CaRbeW_NQaNT9HQhHCrmUbbeuJTnE5Rw9hhGf9xIipREFyfPp2wdKuP-y9vWITPW6gWtjkFVTfWnPKKzb1inAC-Q0UiUbUmYSqUxUvbUUerbZkQWUu3HDA8pY4crTXYvAy?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1029\" height=\"424\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6.png\" alt=\"A donut chart displaying the distribution of contacts based on a true\/false status.\" class=\"wp-image-18865\" style=\"width:650px;height:auto\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6.png 1029w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6-300x124.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6-1024x422.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6-768x316.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-6-150x62.png 150w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Percentage of users provided income info. <a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXeD0RhAMJLxv5eGPMwReRSsT9CaRbeW_NQaNT9HQhHCrmUbbeuJTnE5Rw9hhGf9xIipREFyfPp2wdKuP-y9vWITPW6gWtjkFVTfWnPKKzb1inAC-Q0UiUbUmYSqUxUvbUUerbZkQWUu3HDA8pY4crTXYvAy?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>A majority of renters (70.2%) provided their income information, offering reliable data for income-related analyses.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Income Disclosure:<\/strong> The high rate of income disclosure suggests reliable income data.<\/li>\n\n\n\n<li><strong>Income Influence:<\/strong> Renters with higher incomes are more likely to stay longer.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Income by Stay Duration and Number of Stays<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXe0zJkATHe9agD4r7isMumY-AAtB7cm6qOn6z6jlPh6AB4aeEc5N8mFhXwWemxdIwBNdgrUUEunaJVUSVJX90Ny3zsdbBOoRfcqcwgLdAmmooF-he6q7a5-QhUV1bFrOBkkHP8pcCYn-6rnDoeqB_3-eDej?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1599\" height=\"433\" src=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3.png\" alt=\"A stacked bar chart showing the distribution of income by stay duration and number of stays.\" class=\"wp-image-18862\" srcset=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3.png 1599w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3-300x81.png 300w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3-1024x277.png 1024w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3-768x208.png 768w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3-1536x416.png 1536w, https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/image-3-150x41.png 150w\" sizes=\"(max-width: 1599px) 100vw, 1599px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Income by Stay Duration and Number of Stays. <a href=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXe0zJkATHe9agD4r7isMumY-AAtB7cm6qOn6z6jlPh6AB4aeEc5N8mFhXwWemxdIwBNdgrUUEunaJVUSVJX90Ny3zsdbBOoRfcqcwgLdAmmooF-he6q7a5-QhUV1bFrOBkkHP8pcCYn-6rnDoeqB_3-eDej?key=0PBf6Egq8fTQRpwcNdQy_w\" target=\"_blank\" rel=\"noreferrer noopener\">Click to expand<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>Higher-income renters tend to have longer stays and slightly more repeat stays compared to lower-income groups.<\/p>\n\n\n\n<p><strong>Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list has-tertiary-background-color has-background\">\n<li><strong>Longer Stays for Higher Income:<\/strong> Higher-income renters are more likely to stay longer.<\/li>\n\n\n\n<li><strong>Repeat Stays for Higher Income:<\/strong> Higher-income groups show a slightly higher number of repeat stays.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading has-x-large-font-size\" id=\"h-explore-more-about-new-york-city\" style=\"font-style:normal;font-weight:400\">Explore More About Rental Market<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list has-dates wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2025\/01\/04\/unique-housing-trends-that-complement-mid-term-rentals\/\">4 Unique Housing Trends That Complement Mid-Term Rentals<\/a><time datetime=\"2025-01-04T14:41:52+00:00\" class=\"wp-block-latest-posts__post-date\">January 4, 2025<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2024\/11\/25\/top-10-best-real-estate-companies-in-the-world\/\">Top 10 Best Real Estate Companies in The World<\/a><time datetime=\"2024-11-25T09:41:51+00:00\" class=\"wp-block-latest-posts__post-date\">November 25, 2024<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\">Renters&#8217; Reality: Half Live on Less Than $50K per Year<\/a><time datetime=\"2024-07-26T11:52:38+00:00\" class=\"wp-block-latest-posts__post-date\">July 26, 2024<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2024\/07\/19\/new-york-city-hottest-neighborhoods\/\">New York City Hottest Neighborhoods Right Now<\/a><time datetime=\"2024-07-19T11:54:45+00:00\" class=\"wp-block-latest-posts__post-date\">July 19, 2024<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2024\/07\/12\/bostons-cheapest-and-expensive-neighborhoods\/\">Boston&#8217;s Cheapest and Most Expensive Neighborhoods to Rent in 2024<\/a><time datetime=\"2024-07-12T11:34:39+00:00\" class=\"wp-block-latest-posts__post-date\">July 12, 2024<\/time><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/junehomes.com\/blog\/2024\/07\/05\/nyc-most-expensive-neighborhoods-to-rent\/\">NYC Most Expensive Neighborhoods to Rent in 2024: Rental Market Report<\/a><time datetime=\"2024-07-05T11:26:47+00:00\" class=\"wp-block-latest-posts__post-date\">July 5, 2024<\/time><\/li>\n<\/ul><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.<\/p>\n","protected":false},"author":1,"featured_media":18813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[861],"tags":[862],"class_list":["post-18762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rental-market-reports","tag-renting-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Renters&#039; Reality: Half Live on Less Than $50K per Year<\/title>\n<meta name=\"description\" content=\"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renters&#039; Reality: Half Live on Less Than $50K per Year\" \/>\n<meta property=\"og:description\" content=\"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\" \/>\n<meta property=\"og:site_name\" content=\"June Homes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/JuneHomesLiving\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/JuneResidences\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T11:52:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T15:59:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"June Homes Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@junehomes_\" \/>\n<meta name=\"twitter:site\" content=\"@junehomes_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"June Homes Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\"},\"author\":{\"name\":\"June Homes Team\",\"@id\":\"https:\/\/junehomes.com\/blog\/#\/schema\/person\/b0fb39ca54b892bab4394d77185580fe\"},\"headline\":\"Renters&#8217; Reality: Half Live on Less Than $50K per Year\",\"datePublished\":\"2024-07-26T11:52:38+00:00\",\"dateModified\":\"2024-10-22T15:59:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\"},\"wordCount\":995,\"publisher\":{\"@id\":\"https:\/\/junehomes.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg\",\"keywords\":[\"Renting Report\"],\"articleSection\":[\"Rental Market Reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\",\"url\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\",\"name\":\"Renters' Reality: Half Live on Less Than $50K per Year\",\"isPartOf\":{\"@id\":\"https:\/\/junehomes.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg\",\"datePublished\":\"2024-07-26T11:52:38+00:00\",\"dateModified\":\"2024-10-22T15:59:48+00:00\",\"description\":\"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.\",\"breadcrumb\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage\",\"url\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg\",\"contentUrl\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg\",\"width\":1920,\"height\":1280,\"caption\":\"A sunrise view of a bustling cityscape featuring a mix of tall modern skyscrapers and older buildings. The sun's rays are peeking through the buildings, casting a warm glow on the high-rise structures and the streets below.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/junehomes.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Renters&#8217; Reality: Half Live on Less Than $50K per Year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/junehomes.com\/blog\/#website\",\"url\":\"https:\/\/junehomes.com\/blog\/\",\"name\":\"June Homes Blog\",\"description\":\"Tips &amp; Guides for Renters and Homeowners\",\"publisher\":{\"@id\":\"https:\/\/junehomes.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/junehomes.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/junehomes.com\/blog\/#organization\",\"name\":\"June Homes\",\"alternateName\":\"June\",\"url\":\"https:\/\/junehomes.com\/blog\/\",\"logo\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo\"},\"sameAs\":[\"https:\/\/www.facebook.com\/JuneHomesLiving\/\",\"https:\/\/x.com\/junehomes_\",\"https:\/\/www.linkedin.com\/company\/june-homes\",\"https:\/\/www.instagram.com\/june.homes\/\"],\"legalName\":\"June Homes PA LLC\",\"address\":{\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-place-address\"},\"telephone\":[\"6012875609\"],\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}],\"faxNumber\":\"June Homes PA LLC\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/junehomes.com\/blog\/#\/schema\/person\/b0fb39ca54b892bab4394d77185580fe\",\"name\":\"June Homes Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/junehomes.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8a4931c18bd36f05457a54591a791e4bca47f91f956105c603a36c3654f10d8d?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8a4931c18bd36f05457a54591a791e4bca47f91f956105c603a36c3654f10d8d?s=96&d=identicon&r=g\",\"caption\":\"June Homes Team\"},\"description\":\"The June Homes Team is here to help with all your rental needs. We\u2019re passionate about sharing useful advice and details on everything you need to know. From picking the right neighborhood and understanding tenant rights to tips on moving, decorating, and saving on rent, our articles offer clear and practical guidance. Trust us for straightforward, helpful information to make your rental experience smooth and successful.\",\"sameAs\":[\"https:\/\/junehomes.com\/\",\"https:\/\/www.facebook.com\/JuneResidences\/\",\"https:\/\/www.instagram.com\/june.homes\/\",\"https:\/\/www.linkedin.com\/company\/june-homes\/\",\"@junehomes\"],\"knowsAbout\":[\"Rentals\"],\"knowsLanguage\":[\"English\"],\"url\":\"https:\/\/junehomes.com\/blog\/author\/junehomes\/\"},{\"@type\":\"PostalAddress\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-place-address\",\"streetAddress\":\"164 West 46th Street, New York, NY 10036\",\"addressLocality\":\"New York\",\"postalCode\":\"10036\",\"addressCountry\":\"US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo\",\"url\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2022\/03\/mainLogoBlackShort@2x.png\",\"contentUrl\":\"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2022\/03\/mainLogoBlackShort@2x.png\",\"width\":920,\"height\":300,\"caption\":\"June Homes\"}]}<\/script>\n<meta name=\"geo.placename\" content=\"New York\" \/>\n<meta name=\"geo.region\" content=\"United States (US)\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Renters' Reality: Half Live on Less Than $50K per Year","description":"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/","og_locale":"en_US","og_type":"article","og_title":"Renters' Reality: Half Live on Less Than $50K per Year","og_description":"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.","og_url":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/","og_site_name":"June Homes Blog","article_publisher":"https:\/\/www.facebook.com\/JuneHomesLiving\/","article_author":"https:\/\/www.facebook.com\/JuneResidences\/","article_published_time":"2024-07-26T11:52:38+00:00","article_modified_time":"2024-10-22T15:59:48+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg","type":"image\/jpeg"}],"author":"June Homes Team","twitter_card":"summary_large_image","twitter_creator":"@junehomes_","twitter_site":"@junehomes_","twitter_misc":{"Written by":"June Homes Team","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#article","isPartOf":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/"},"author":{"name":"June Homes Team","@id":"https:\/\/junehomes.com\/blog\/#\/schema\/person\/b0fb39ca54b892bab4394d77185580fe"},"headline":"Renters&#8217; Reality: Half Live on Less Than $50K per Year","datePublished":"2024-07-26T11:52:38+00:00","dateModified":"2024-10-22T15:59:48+00:00","mainEntityOfPage":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/"},"wordCount":995,"publisher":{"@id":"https:\/\/junehomes.com\/blog\/#organization"},"image":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage"},"thumbnailUrl":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg","keywords":["Renting Report"],"articleSection":["Rental Market Reports"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/","url":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/","name":"Renters' Reality: Half Live on Less Than $50K per Year","isPartOf":{"@id":"https:\/\/junehomes.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage"},"image":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage"},"thumbnailUrl":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg","datePublished":"2024-07-26T11:52:38+00:00","dateModified":"2024-10-22T15:59:48+00:00","description":"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.","breadcrumb":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#primaryimage","url":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg","contentUrl":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg","width":1920,"height":1280,"caption":"A sunrise view of a bustling cityscape featuring a mix of tall modern skyscrapers and older buildings. The sun's rays are peeking through the buildings, casting a warm glow on the high-rise structures and the streets below."},{"@type":"BreadcrumbList","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/junehomes.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Renters&#8217; Reality: Half Live on Less Than $50K per Year"}]},{"@type":"WebSite","@id":"https:\/\/junehomes.com\/blog\/#website","url":"https:\/\/junehomes.com\/blog\/","name":"June Homes Blog","description":"Tips &amp; Guides for Renters and Homeowners","publisher":{"@id":"https:\/\/junehomes.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/junehomes.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/junehomes.com\/blog\/#organization","name":"June Homes","alternateName":"June","url":"https:\/\/junehomes.com\/blog\/","logo":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo"},"image":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo"},"sameAs":["https:\/\/www.facebook.com\/JuneHomesLiving\/","https:\/\/x.com\/junehomes_","https:\/\/www.linkedin.com\/company\/june-homes","https:\/\/www.instagram.com\/june.homes\/"],"legalName":"June Homes PA LLC","address":{"@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-place-address"},"telephone":["6012875609"],"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}],"faxNumber":"June Homes PA LLC"},{"@type":"Person","@id":"https:\/\/junehomes.com\/blog\/#\/schema\/person\/b0fb39ca54b892bab4394d77185580fe","name":"June Homes Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/junehomes.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8a4931c18bd36f05457a54591a791e4bca47f91f956105c603a36c3654f10d8d?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8a4931c18bd36f05457a54591a791e4bca47f91f956105c603a36c3654f10d8d?s=96&d=identicon&r=g","caption":"June Homes Team"},"description":"The June Homes Team is here to help with all your rental needs. We\u2019re passionate about sharing useful advice and details on everything you need to know. From picking the right neighborhood and understanding tenant rights to tips on moving, decorating, and saving on rent, our articles offer clear and practical guidance. Trust us for straightforward, helpful information to make your rental experience smooth and successful.","sameAs":["https:\/\/junehomes.com\/","https:\/\/www.facebook.com\/JuneResidences\/","https:\/\/www.instagram.com\/june.homes\/","https:\/\/www.linkedin.com\/company\/june-homes\/","@junehomes"],"knowsAbout":["Rentals"],"knowsLanguage":["English"],"url":"https:\/\/junehomes.com\/blog\/author\/junehomes\/"},{"@type":"PostalAddress","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-place-address","streetAddress":"164 West 46th Street, New York, NY 10036","addressLocality":"New York","postalCode":"10036","addressCountry":"US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/junehomes.com\/blog\/2024\/07\/26\/renting-statistics-report\/#local-main-organization-logo","url":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2022\/03\/mainLogoBlackShort@2x.png","contentUrl":"https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2022\/03\/mainLogoBlackShort@2x.png","width":920,"height":300,"caption":"June Homes"}]},"geo.placename":"New York","geo.region":"United States (US)"},"uagb_featured_image_src":{"full":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg",1920,1280,false],"thumbnail":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-150x150.jpg",150,150,true],"medium":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-300x200.jpg",300,200,true],"medium_large":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-768x512.jpg",768,512,true],"large":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash.jpg",1920,1280,false],"web-stories-poster-portrait":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-640x853.jpg",640,853,true],"web-stories-publisher-logo":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-96x96.jpg",96,96,true],"web-stories-thumbnail":["https:\/\/junehomes.com\/blog\/wp-content\/uploads\/2024\/07\/ben-o-bro-wpU4veNGnHg-unsplash-150x100.jpg",150,100,true]},"uagb_author_info":{"display_name":"June Homes Team","author_link":"https:\/\/junehomes.com\/blog\/author\/junehomes\/"},"uagb_comment_info":0,"uagb_excerpt":"Explore our 2024 renting statistics for insights into renter income, demographics, behaviors, and preferences, with key takeaways for rental companies and stakeholders.","_links":{"self":[{"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/posts\/18762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/comments?post=18762"}],"version-history":[{"count":92,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/posts\/18762\/revisions"}],"predecessor-version":[{"id":19613,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/posts\/18762\/revisions\/19613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/media\/18813"}],"wp:attachment":[{"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/media?parent=18762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/categories?post=18762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/junehomes.com\/blog\/wp-json\/wp\/v2\/tags?post=18762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}