Percentage of households that are housing cost burdened - paying more than 30 percent of income toward housing costs
As of 2018, the percentage of cost-burdened households in Austin was 37.42%. This was an increase of 8.13% from 2017 and a sharp increase.
The percentage of cost-burdened households in Austin has been on the decline since 2010; however, in 2018 we saw a somewhat dramatic increase, now over 37% of households in Austin are spending more than 30% of their income on housing costs a figure not seen since 2014.
Additional Measure Insights
This indicator is calculated by adding the total households spending more than 30% of income on housing costs from renters (table B25070) and owners with or without a mortgage (B25101) and then dividing the sum by the total number of households in Austin.
ACS is a survey with sampled statistics on the citywide level and is subject to a margin of error. ACS sample size and data quality measures can be found on their website in the Methodology section.
Measure Details and Definition
1) Definition: This measure answers the question of what percentage of households are housing cost burdened, which means they spend more than 30% of their income on housing costs. There is no target for this measure, but the City of Austin is monitoring this as a community measure.
2) Calculation method: # of households that are Cost Burdened/total # of households.
3) Data Collection Process: Data collected from the U.S. Census Bureau.
4) Measure Target Calculation: There is no target for this measure, but the City of Austin is monitoring this as a community measure.
5) Frequency Measure is Reported: Annually (Calendar Year),