Nov 15, 2023 - News
Where Greater Boston residents face highest housing cost burden
Add Axios as your preferred source to
see more of our stories on Google.
For the first time in nearly two decades, the majority of Greater Boston renters are cost-burdened when it comes to housing.
Driving the news: At least 51% of Greater Boston renters spent more than 30% on housing costs in 2022, according to the Greater Boston Housing Report Card released yesterday.
- Census data also shows that the region's sky-high housing prices have hit Gen Zers and boomers the hardest.
The report card also breaks down housing cost burdens in 2021 by municipality.
By the numbers: Among the largest cities in Greater Boston, Lawrence topped the list with nearly 56% of renters being cost burdened, followed by Peabody, Lynn and Haverhill.
- Boston didn't make the top 10, but it wasn't far behind, with nearly 47%.