It’s getting harder for renters and homebuyers to afford the cost of putting a roof over their heads, according to figures released this week.
Renting in Los Angeles and Orange counties is less affordable than any of the nation’s other top 35 metro areas, according to a Zillow analysis of rent affordability in the second quarter of 2015.
The typical renter in Los Angeles and Orange counties paid 48.9 percent of his or her monthly income to the landlord in the spring months of April through June, Zillow reported.
In Orange County, a renter needs to earn almost $66,000 a year to afford the typical two-bedroom apartment here, housing advocacy groups have reported.
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