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Renters Spending 30% or More of Household Income on Rent
| Value: |
51.3 percent |
Measurement
Period: |
2007-2011 |
| Location: |
County : Montgomery
[ View All Location Types ] |
| Comparison: |
U.S. Counties |
| Categories: |
Economy / Housing Affordability & Supply
|
|
What is this Indicator?
This indicator shows the percentage of renters who are spending 30% or more of their household income on rent. |
| Why this is important: Spending a high percentage of household income on rent can create financial hardship, especially for lower-income renters. With a limited income, paying a high rent may not leave enough money for other expenses, such as food, transportation and medical. Moreover, high rent reduces the proportion of income a household can allocate to savings each month. |
| Technical Note: The distribution is based on data from 3,143 U.S. counties and county equivalents. |
| Source: American Community Survey |
| URL of Source: http://www.census.gov/acs/www/ |
| URL of Data: http://factfinder2.census.gov/main.html |
Local Comments:
 |
| Maintained By: Healthy Communities Institute |
|
Time Series Data
percent
|
|
Renters Spending 30% or More of Household Income on Rent by Age
percent
|
|
|
Renters Spending 30% or More of Household Income on Rent
| Value: |
51.3 percent |
Measurement
Period: |
2007-2011 |
| Location: |
County : Montgomery
[ View All Location Types ] |
| Comparison: |
Prior Value |
| Categories: |
Economy / Housing Affordability & Supply
|
|
What is this Indicator?
This indicator shows the percentage of renters who are spending 30% or more of their household income on rent. |
| Why this is important: Spending a high percentage of household income on rent can create financial hardship, especially for lower-income renters. With a limited income, paying a high rent may not leave enough money for other expenses, such as food, transportation and medical. Moreover, high rent reduces the proportion of income a household can allocate to savings each month. |
| Technical Note: The trend is a comparison between the most recent and previous measurement periods. Confidence intervals were not taken into account in determining the direction of the trend. |
| Source: American Community Survey |
| URL of Source: http://www.census.gov/acs/www/ |
| URL of Data: http://factfinder2.census.gov/main.html |
Local Comments:
|
| Maintained By: Healthy Communities Institute |
|
Time Series Data
percent
|
|
Renters Spending 30% or More of Household Income on Rent by Age
percent
|
|
|
|
