The State of Renters in California
Explore the latest data on rent affordability, renter income trends, housing supply, and rental market conditions across 22 California counties.
A Data-Driven Look at California's Renters
While common narratives often depict a bleak reality for renters in California, a closer, data-driven analysis reveals a more nuanced and resilient picture. Statewide, renter incomes have outpaced the nation, growing 38% over the last decade after adjusting for inflation and rent. This has occurred even as the number of single-person households has risen and the overall rent burden has remained stable, suggesting a dynamic and adapting rental landscape.
Beacon Economics, in partnership with the Pepperdine School of Public Policy, was commissioned by the California Apartment Association to produce “The State of Renters in California.” This report moves beyond statewide averages to analyze 22 distinct counties, examining their rental markets, renter economics, and housing stock. This detailed approach provides an evidence-based view of California’s diverse rental markets.
Key Highlights
Renter Income Growth
After adjusting for inflation and rent, California renter household income has grown by 38% over the past decade, significantly outpacing the national growth rate of 22%.
Housing Affordability
Contrary to common perceptions, the median share of income that California renters spend on rent has remained stable over the last ten years.
Household Composition
The share of single-person renter households in California has increased by 2 percentage points in the last decade, signaling a shift toward smaller household sizes.
Expert Insights
Stafford Nichols
“Our research highlighted how the unique geographic and cultural assets of Los Angeles could make the 2024 Games an even bigger event while costing significantly less.”
– Stafford Nichols, Research Manager, Beacon Economics
Get the Full Report
Go beyond the statewide summary. Our full report provides a detailed, county-by-county analysis of 22 distinct regions across California. Access comprehensive data, charts, and expert analysis on rental markets, renter demographics, and housing stock conditions to gain a complete understanding of California’s rental landscape.
Subscribe to
Our Publications
Subscribe to our newsletter for the latest research, reports, and insights on economic trends and small business development.