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A widely accepted rule of thumb is that people should not spend more than 30 percent of their incomes on rent or a mortgage. The more they spend, the more strapped they are in other areas of their lives. The typical renter in the fourth quarter 2018 spent 27.7 percent of their income on rent. Renters spend a greater share than that in 31 of the largest 50 metro areas — and the most affordable are these 10.
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Affordability data are from the fourth quarter 2018. Rent data are from January 2019.