65, single, seeking a roommate: More seniors are being priced out of living alone

David West raised four kids in Los Angeles working as a Hollywood cinematographer — no mean feat in such a pricey city. But a few years ago, his life took a hard turn.

“Everything went south. Divorce. My brother died,” he said. “My dog died.” On top of that, a string of clients who’d hired him for decades also passed away.

Before long, he’d burned through cash and damaged his credit. He moved to Fresno, Calif., and now, at 72, West is in a situation he never imagined at this stage of life but one that more and more older people are facing: renting a room in the home of a complete stranger.

“I tried to move, like, an apartment’s worth of stuff into a room,” he said with a laugh at how impossible it seemed. “You know, how do you do that? I still haven’t figured it out.”

West looked into a housing subsidy, but his income is just over the limit, so he’s grateful for the cost savings of a house share. His roommate, also an older man, covers Wi-Fi, utilities and cable. West volunteers his photography skills at the church where the man is involved and shares his Costco membership.

“It’s that give-and-take thing,” he said. “It’s trying to help each other out as much as possible.”

Roommates are skewing older

The high cost of housing means more people are being priced out of not only owning a home but also renting alone. The share of adults 65 and over looking to rent with a roommate has tripled in the past decade, according to the listings site SpareRoom.

“They’re not the biggest group of roommates, but they’re by far the fastest growing,” said the site’s communications director, Matt Hutchinson.

SpareRoom finds that roommates in general are skewing older. Young people are living with their parents longer, unable to afford moving out or simply trying to save up. Meanwhile, more people in their 50s, 60s and older are unable to make it on their own.

“Maybe 10 years ago they’d have looked at a one-bed or a studio and thought, ‘Well, I’ll rent that,'” Hutchinson said. Now “they’re looking at prices and going, ‘There’s no way I could afford that.'”

Baby boomers have been aging as housing costs across the U.S. have spiked. In 2023, more than a third of households headed by adults 65 and over struggled to pay housing costs, according to the Joint Center for Housing Studies at Harvard University, and the share is even bigger for women living alone.

“Older adults are more likely to be housing-cost burdened than working-age adults, and that gets more severe with age,” said Jennifer Molinsky, who researches aging and housing at the center. “It’s climbed up the income scale. So more and more, you know, middle-income people are struggling with housing costs than ever before.”

Older adults are also more likely to face major life events that can lead to financial strain. Caezilia Loibl, chair of the Consumer Sciences Program at Ohio State University, has researched the financial toll of chronic disease and the loss of a spouse at an older age.

“The shock is enormous,” she said, “and we see it very clearly in our data how the debt burden goes up and financial vulnerability goes up.” People were more likely to fall behind in debt payments, for example, see their credit score drop, file for bankruptcy and face foreclosure.

The upside of learning to live with less

Saving money may be the top reason that more older people are house-sharing. But some see other benefits.

“Oh, I think it’s wonderful. Maybe more of the way people used to live,” said Darla Desautel, who’s 74 and has rented with roommates for years, though she’s currently house-sitting in Minnesota.

She loves the flexibility of not being tied down and being able to move where she wants, and she thinks not living alone is healthier. She got along especially well with one roommate who also was an older woman.

“We had a lot in common, and that’s pretty special when that works out,” she said.

To be sure, there can be annoyances. One place was kept too cold in winter and too hot in summer. There can be smelly cat litter boxes or a roommate who talks on speakerphone in a common area. “Noise is huge. A lot of people think they’re quiet when they’re really not,” she said.

If she could afford it, Desautel said, she would rent solo, though “with a short-term lease.” But that would eat up more than half her income. In addition to receiving Social Security, she still works occasionally as a leadership consultant and coach, and she is a licensed secondhand dealer selling “other people’s junk.”

Desautel is proud that she has learned to whittle down possessions and live with less. “Right now I can move across country with 10 boxes shipped USPS and take a plane,” she said.

For now, that’s her plan, driving this time, to continue her house-sitting gig in Arizona for the summer. And when that ends, she’ll find her next roommate.