In an interview with the Albuquerque Housing Authority, which provides public housing and rent vouchers for about 5,000 families in Albuquerque, the entity acknowledged there's still so many local residents that are burdened by housing costs.

Given Albuquerque's median household income and rising rents, more and more renters are using a bigger portion of their paychecks toward housing.

ABODO, an apartment listings website, looked at 100 metro areas and how many renters were paying more than 30 percent of their income on rent. It found 54 percent of all local renters in Albuquerque are spending at least 30 percent of their income on rent, making them "cost-burdened renters."

Out of the 100 metro areas it studied, the statistic ranked Albuquerque No. 22 when it comes to the most cost-burdened renters. Read the full report here.

According to local rental market reports by CBRE, the average Albuquerque apartment costs $799. The median household income in Bernalillo County 2014 was $48,390, according to the Census Bureau.

ABODO said outside of Albuquerque, when looking at the data on a national level, the study revealed that almost half of the top 20 cities with the most cost-burdened renters are located in California.

“Some of the largest cities in the U.S., those that usually have the highest rent, actually have less cost-burdened renters than we initially thought. And while it’s clear that a huge number of renters are cost burdened across the country, in both large and small cities, HUD subsidy benefits are limited to just a small number of the burdened renters,” ABODO said.

There's been some debate as to whether the 30 percent rule even applies to today's renters. The 30 percent rule comes from the United State National Housing Act established in the 1930s. The idea was that someone who spends more than a third of their income on rent may mean they're not able to use that money on other necessities such as food, child care and health care. Click here to read the full article.