On average, almost half of Hoosiers (47.8%) are spending more than 30% of their monthly income on rent. That’s according to a study done by the home security service Vio Security. A lot of people have lost their jobs in the pandemic, which means people are having a lot harder time paying rent, said Rosemary Roller, media relations specialist at Vio Security. The moratorium on evictions in Indiana ends this Friday, August 14. You’ve probably heard many financial experts say it’s not a good idea to spend no more than 30% of your monthly income on rent. Roller says that is hard to do in today’s climate.
