Did You Know: Household Distribution and Housing Costs
October 28, 2009
By Sophia Stuart, Research Economist
- Households in the bottom income quartile are most likely to face affordability problems.
- In 2007, nearly three-quarters of severely cost-burdened households had low incomes.
- Indeed, fully 51 percent of low-income renters and 43 percent of low-income owners paid more than half their incomes for housing.
- High housing outlays cut deep into household budgets, leaving low-income families about $485 per month for everything else.
Source: Joint Center for Housing Studies of Harvard University, The State of the Nation's Housing 2009
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