Memo to Members

Renters Were Much More Likely to Live in Poverty Than Homeowners in 2024

Sep 15, 2025

Renters Were Much More Likely to Live in Poverty Than Homeowners in 2024

Note: This chart displays supplemental poverty measure (SPM) rates in 2024. SPM takes into account noncash benefits from anti-poverty programs, tax credits, and removes the costs of necessary expenses from income determinations.   

Source: Emily A. Shrider and Christina Bijou, U.S. Census Bureau, Current Population Reports, P60-287, Poverty in the United States: 2024, U.S. Government Publishing Office, Washington, DC, September 2025.