According to a study from the John D. and Catherine T. MacArthur Foundation, 48% of Chicagoans are spending 30% of their income on rent or mortgage, while 40% of those in the suburbs are spending more than 30%. Chicago Tribune staffer Gail MarksJarvis reports that this lack of affordability in Chicago has led people to cut back on healthy foods or move to less safe neighborhoods.
The challenge to find affordable housing hits across multiple demographics with even those making over $75,000 agreeing on the difficulty. Renters are also feeling the pressure:
About 73 percent of renters said they have had to make trade-offs in order to pay for their housing. That compares to 47 percent of homeowners who report trade-offs including building up credit card debt, moving to less safe areas, eliminating their savings for retirement or cutting back on health care.