High rents caused California to have highest poverty rates in the US: report

20.4 percent of the state’s residents are in poverty, according to Census

Los Angeles /
Sep.September 14, 2017 10:00 AM

Turns out the Golden State is lacking in gold.

Nearly one in five California residents are facing financial trouble when it comes to factoring in the cost of living — which makes it the state with the highest percentage (20.4 percent) of people living in poverty, KPCC reported.

High rents are likely the cause, according to the California Budget and Policy Center.

Market rent for a two-bedroom apartment in a popular area costs more than $1,500 a month. If a minimum-wage full-time worker were to follow the general rule of thumb, spending only 30 percent of their income on rent, that would leave a mere $546 a month, Budget Center analysis shows.

Without taking the cost of living into account, the state ranks at No. 16 in the country with 14.5 percent of the population living below the poverty line. [KPCC] – Natalie Hoberman


Related Articles

arrow_forward_ios
Renderings of the project (City of Montebello)
Montebello approves 132-unit affordable complex on Whittier Boulevard
Montebello approves 132-unit affordable complex on Whittier Boulevard
This second-gen developer’s campaign for LA mayor built around end to commercial zoning
This second-gen developer’s campaign for LA mayor built around end to commercial zoning
This second-gen developer’s campaign for LA mayor built around end to commercial zoning
Name dropped from Venice housing project
Name dropped from Venice housing project
Name dropped from Venice housing project
Renderings of the proposed complex (Google Maps, Eric Owen Moss Architects)
“Grandfather would be appalled”: family member wants name off Venice homeless housing
“Grandfather would be appalled”: family member wants name off Venice homeless housing
LA pol leads effort to preserve restaurants’ outdoor dining space
LA pol leads effort to preserve restaurants’ outdoor dining space
LA pol leads effort to preserve restaurants’ outdoor dining space
New state law benefits exactly one OC mobile home park
New state law benefits exactly one OC mobile home park
New state law benefits exactly one OC mobile home park
Biden taps Mapleton’s Nathanson as Norway ambassador
Biden taps Mapleton’s Nathanson as Norway ambassador
Biden taps Mapleton’s Nathanson as Norway ambassador
Urban Offerings founder Dean Nucich and Forme Development President Damon Chan (Urban Offerings, Forme Development)
K-Town tower trims transient units, grows to 40 stories, gets City Council OK
K-Town tower trims transient units, grows to 40 stories, gets City Council OK
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...