11.2 Million Renter Households Had Extremely Low Income In 2023

During 2023, about 11.2 million renter households had extremely low incomes (ELI), meaning that their income was at 30% of the local median income for the geographic area or was below the federal poverty level (FPL), whichever is higher. Among these ELI households, the average income was just $12,781. In 2021, about 8.5 million households with “very low income” that received no housing assistance paid more than half their income on rent or lived in severely inadequate housing. Very low-income renters are those with household incomes at or below 50% of the median income of the . . .