The latest Jersey Opinions and Lifestyle Survey has revealed that 48% of renters have had a 'significant increase' in their monthly payments in the last three years.
Breaking this down, 57% of people in social housing say they have seen a large increase, compared to 48% in qualified rental accommodation and 37% in non-qualified homes.
This has resulted in many islanders struggling to pay their rising bills.
53% of people in social accommodation said they've found it difficult to meet the cost of their housing, compared to 21% of people who own their own home.
The survey revealed that single parents were facing the brunt of rising housing costs - with 82% of people in this position struggling.
In terms of housing satisfaction, islanders in St Helier said they were the most unhappy with their accommodation, with only 28% of people reporting that they are 'satisfied' with their home.
The number of people content with St Helier as a 'place to visit' has gone down significantly in the past two years. In 2022, 72% were 'satisfied', now its just over half of respondents - at 56%.
Residents of St Mary, St Ouen and St Peter said they are the most satisfied with their parish.
Overall happiness levels with Jersey as a whole has gone down by 10% in two years.
In 2022, 41% of adults were 'very satisfied' with the island, now its at less than a third - at 31%.
Age played a big factor in how happy people are in Jersey. Just 19% of 16 - 34 year olds said they are 'very satisfied' living in Jersey.
The happiest age group were those 65+, but still, less than half of elderly residents (45%) reported that they were 'very satisfied' with the island.
In terms of mental health, its reported that nearly a third of adults in Jersey (32%) have high levels of anxiety.
Meanwhile, one in five do not believe they have any friends or relatives in Jersey that they can count on in their time of need.
The survey also revealed men are less comfortable talking about their mental health than women. 61% of men would be open to talking with a friend or family member, compared to 72% of their female counterparts.
On the whole, average wellbeing scores have been in gradual decline over the past two years.
Considering physical health, a quarter of islanders are drinking alcohol at potentially harmful or hazardous levels.
This has remained essentially unchanged since 2010. It's thought consumption of alcohol in Jersey is 20% higher than the UK average.
Meanwhile, 13% of adults smoke, with 51% of 16 - 34 year olds admitting to e-cigarette use.
The survey also revealed a disengagement and lack of trust in Jersey politicians.
26% of respondents said they had 'no knowledge' of a single thing that has been debated in the States Assembly over the past year.
While charities were labelled the most trusted institution, along with the States of Jersey Police, islanders voted the States as the least trustworthy in Jersey.
The data is put together from the opinions of 1200 islanders and is used to influence government decisions.