But English is one of the worldâs most widespread languages: mother-tongue speakers are recorded in 101 different countries and territories worldwide, 94 of which class it as an official language.
US Median Annual Rent as a Fraction of Median Household Income. US renters paid 20.89% of median household income towards the median monthly gross rent in 2014. This is the highest fraction of median household income going to rent since the series originated in 2005.
Indeed, SmartAssetâs analysis of rent data across the country found that in many places, a family would need to earn six figures to afford average market rents. Methodology To calculate the salary needed to pay rent in U.S. cities, SmartAsset looked at fair market rents for two bedroom apartments in the 300 largest cities in the country. 1 Since HUDâs affordability threshold of 30% includes all housing expenses (not just rent), we applied a lower threshold of 28% for rent alone.