These 10 metro areas are the most ‘rent-burdened' in the U.S. — New York City comes in at No. 1 [CNBC]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: CNBC
A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division of the rating agency found. Families who direct 30% or more of their income to housing typically are considered “rent-burdened” by the U.S. Department of Housing and Urban Development, and “may have difficulty affording necessities such as food, clothing, transportation and medical care.” More from Personal Finance: Biden to revisit ‘billionaire minimum tax' in State of the Union Amid inflation, shoppers turn to dollar stores for groceries Savers poised for big win in 2023 as inflation falls To not be considered rent burdened in New York in the average apartment, a household would need to earn $177,000 or more a year, said Lu Chen and Mary Le, economists at Moody's Analytics. Rents can be disproportionately higher than incomes when “the location is highly desirable from a lifestyle or future income perspective,”
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website