HOUSING COSTS: Percentage of households spending more than 30% of income on housing costs
Current Value
39.4%
Definition
Comparison
Why Is This Important?
Households (renters and homeowners) that spend more than 30% of their income on housing have less money available for other essential needs like food, transportation, and healthcare. Spending more than 30% of income on housing indicates affordability problems and potential negative effects on well-being. This makes cost burden a key indicator for housing policy and understanding housing affordability issues within a community.
What Do The Numbers Show?
The number of households (renters and homeowners) spending more than 30% of their income on housing has increased from 2019. This change is largely driven by an increase in the number of renter households with cost burden.
In 2019, 46.8% of renters spent more than 30% of their income on housing. This number climbed to 53% in the newly released 2023 American Community Survey Data.
How Did We Arrive at These Numbers?
The percentage of households spending more than 30% of their income on housing costs is calculated for communities annually by the Census Bureau in the American Community Survey.
Where Can I Find More Information?
Detailed information on Portland's housing stock and affordability can be found in the Portland Housing Bureau's State of Housing Report.