This story originally appeared on HireAHelper. Homeownership is becoming less and less attainable due to rising home prices. But while the cost of homeownership is high, renters often face an even heavier financial burden. New data from the U.S. Census Bureau shows that American renters spend a median 31% of income on housing, compared with just 16.5% for homeowners. These figures vary widely…

Original Article Posted at : https://www.moneytalksnews.com/slideshows/cities-with-the-highest-and-lowest-share-of-income-going-toward-rent/