123% more Californians are paying $3,000-plus for rent

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123% more Californians are paying $3,000-plus for rent
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Last year, 18.2% of California’s renters paid $3,000 or more – that’s up from 8.3% in 2019.

California has 1.07 million households paying at least $3,000 a month to a landlord, and that flock has more than doubled in four years.and how much they pay, comparing new 2023 results with pre-pandemic 2019. Tenants paying $3,000 or more is the highest price level tracked.

Plus, this high-priced housing is swelling. During the previous four years, the $3,000 club in California grew by 587,787 households – the largest jump in the nation and equal to one-third of the 1.8 million US additions to the group. Tops? Wyoming grew by 1,998% – yes, 21-fold – then West Virginia at 1,032%, Mississippi at 650%, Maine at 638%, and Delaware at 569%. And California’s big rivals? Texas was No. 24, up 251%, and Florida, No. 12 at 441%.Last year, 18.2% of California’s renters paid $3,000 or more – and that’s up from 8.3% in 2019.

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