Household incomes struggling to match rent costs, research shows

Household incomes are struggling to match the average cost of rental accommodation, according to new research from the Banking & Payments Federation Ireland (BPFI).

BPFI, a banking industry lobby group, has analysed data from the Residential Tenancies Board (RTB) and the Central Statistics Office (CSO). It shows that average earnings in 2012 would cover 94% of rents. By the first quarter of 2019, average earnings could only cover 65% of average rents.