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Home / Inside Tract / U.S. Renters Spent $504 Billion on Housing in 2018 (access required)

U.S. Renters Spent $504 Billion on Housing in 2018 (access required)

U.S. households spent a record amount on rent in 2018 despite a decrease in the number of households who rent their home, according to a new HotPads® analysis. Overall, the U.S. spent $504.4 billion on rent in 2018 – more than the entire GDP of Belgium ($494.7 billion)i and three times the current net worth of Amazon CEO Jeff Bezos ($124 billion)ii. Renters spent $12.6 ...

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