CFED Scorecard

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Housing Cost Burden - Homeowners Reports & Graphics

This measure is an indicator of the portion of a household’s income that is consumed by costs of owning a home. Expenses such as mortgage payments, property taxes, utility costs and other fees take away money that could be saved or invested in other assets. When these expenses exceed 30% of household income, the household is classified as “cost-burdened” and is at risk of foreclosure or homelessness if it suffers a decline in income.

Housing Cost Burden - Homeowners, 2012

StatePercent of Homeowners
who are Cost Burdened (%)
Rank
United States  33.9%   
Alabama  28.3%  15 
Alaska  31.5%  25 
Arizona  33.7%  36 
Arkansas  25.4% 
California  45.9%  50 
Colorado  32.3%  30 
Connecticut  38.8%  45 
Delaware  33.3%  33 
District of Columbia  32.1%  29 
Florida  43.2%  48 
Georgia  32.8%  32 
Hawaii  48.2%  51 
Idaho  32.7%  31 
Illinois  35.3%  39 
Indiana  23.8% 
Iowa  22.3% 
Kansas  25.0% 
Kentucky  26.2%  11 
Louisiana  28.6%  16 
Maine  34.5%  37 
Maryland  33.3%  34 
Massachusetts  35.2%  38 
Michigan  30.5%  21 
Minnesota  27.0%  12 
Mississippi  31.9%  28 
Missouri  27.8%  14 
Montana  31.8%  27 
Nebraska  24.3% 
Nevada  39.2%  46 
New Hampshire  37.9%  42 
New Jersey  43.8%  49 
New Mexico  33.6%  35 
New York  39.4%  47 
North Carolina  30.5%  22 
North Dakota  17.4% 
Ohio  27.3%  13 
Oklahoma  26.1%  10 
Oregon  38.1%  44 
Pennsylvania  30.2%  20 
Rhode Island  38.0%  43 
South Carolina  30.2%  19 
South Dakota  23.3% 
Tennessee  30.7%  23 
Texas  29.2%  17 
Utah  31.8%  26 
Vermont  35.9%  40 
Virginia  31.5%  24 
Washington  36.7%  41 
West Virginia  22.5% 
Wisconsin  29.9%  18 
Wyoming  24.4% 

Definition

Percentage of mortgaged owners spending 30% or more of household income on selected monthly owner costs, 2012.

 Selected monthly owner costs are the sum of debt payments (e.g., mortgage or home equity loans), taxes, insurance, utility and fuel costs, and, if applicable, other fees (e.g., condominium fees or manufactured home community lot rents).

Source

2012 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2013.

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