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One thing most Americans can probably agree on is that rent is too high.

According to new data from the US Census Bureau, more than 21 million renting households they spent 30% or more of it rental income in 2023.

“Housing costs increased between 2022 and 2023 for both landlords and renters. The average cost of housing for renters increased from $1,354 to $1,406 (adjusted for inflation),” said Molly Ross, a statistician with the US Census Bureau. in a press release.

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