November 3, 2014

Numbers of Doubled-Up Households Continue To Increase Nationwide

Numbers of Doubled-Up Households Continue To Increase Nationwide

According to the newest analysis from Zillow, the number of American adults moving in together so they could share the expenses as rental rates continue to go up is increasing.

Since 2012, approximately 32 percent of adults have been living together in one household wherein one or more working adults (23 to 65 years old) are living in one roof but are not married or partners. Doubled-up households have steadily increased over 10 years from 25.4 percent in 2000, 27.4 percent in 2006, to 30.8 percent in 2010, and 32% in 2012.

Such increase correlates with the increasing rental rates, which has become unaffordable across the country. In fact, this has been the highest rental rates ever wherein 30 percent of the national median income ($53,216) will be spent on rents. Instead of moving to a small rental space or to a much affordable area, a lot of individuals are opting to live with someone.

At present, Los Angeles tops the list of the metros with the highest number of doubled-up households with 47.9 percent followed by Miami (44.5 percent), New York (42.5 percent) and San Diego (39.7 percent). Moreover, these metros are also the places with the most expensive places to rent.

Share This!

FacebookTwitterGoogleLinkedInPinterest


Click Here to Leave a Comment Below

Leave a Reply: