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Percent of Households Paying Over 30% of Income for Mortgages

Time Range: 2006-2010       Resolution: Census Block Group

This indicator reflects the percent of households that pay over 30 percent of their income on mortgage out of all households in the area.

Rationale

The percent of households that pay over 30 percent of their income on a mortgage is an indicator of housing affordability. Thirty percent of household income is the maximum standard people should be paying for their housing costs, leaving enough for food and other items. This is a standard indicator used nationally to understand whether housing is affordable.

Source
Data is from the U.S. Census Bureau American Community Survey (ACS) 2006-2010 5-year detailed tables. This measure uses table B25091 (Mortgage Status By Selected Monthly Owner Costs As A Percentage Of Household Income In The Past 12 Months) at the census block group (150) summary level. Forumula: 1.0 - ((B25091003 + B25091004 + B25091005 + B25091006 + B25091007) / B25091001)

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