The expense of living in New Jersey applies to every income level, including low-income households. According to a recent report “Housing Spotlight: The Affordable Rental Housing Gap Persists” 44 percent of the state’s low-income renters spend more than half their income on rent and utility costs. Nationwide, the rate is a much-lower 35 percent.
A key factor is the severe housing shortage faced by low-income households. According to the report, there is a shortage of at least 201,286 homes for those who are living 30 percent below the median income of the state. The lower the income, the greater the deficit.
The report, based on U.S. Census American Survey numbers, was jointly released by the Housing and Community Development Network of New Jersey and the National Low Income Housing Coalition.