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Renters Spending 30% or More of Household Income on Rent
This indicator shows the percentage of renters who are paying 30% or more of their household income in rent. Spending a high percentage of your income on rent presents financial hardship, especially for lower-income renters. With a limited income, a high percentage in rent may not leave enough money for other expenses, such as transportation, food, medical expenses, entertainment, and other debts. The percentage was calculated by dividing the number of households paying 30% or more by the total number of renter-occupied housing units.
Measurement Period: 2011-2013
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