CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Housing Cost Burden - Homeowners

Definition

Percentage of mortgaged owners spending 30% or more of household income on selected monthly owner costs, 2010.

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).

Description

Housing cost burden 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 used for consumption or saved. 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.

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Housing Cost Burden - Homeowners

StatePercent of Homeowners
who are Cost Burdened (%)
Rank
United States  38.0%   
Alabama  32.7%  17 
Alaska  32.2%  15 
Arizona  41.2%  42 
Arkansas  27.5% 
California  51.2%  51 
Colorado  37.6%  34 
Connecticut  41.4%  44 
Delaware  37.3%  33 
District of Columbia  35.8%  28 
Florida  48.8%  49 
Georgia  38.2%  36 
Hawaii  50.2%  50 
Idaho  36.8%  32 
Illinois  39.8%  39 
Indiana  27.5% 
Iowa  24.8% 
Kansas  26.5% 
Kentucky  30.2%  11 
Louisiana  30.2%  12 
Maine  34.0%  21 
Maryland  38.1%  35 
Massachusetts  39.1%  38 
Michigan  36.4%  31 
Minnesota  33.4%  20 
Mississippi  35.4%  26 
Missouri  30.2%  13 
Montana  36.1%  30 
Nebraska  26.0% 
Nevada  45.2%  47 
New Hampshire  40.2%  40 
New Jersey  46.7%  48 
New Mexico  36.0%  29 
New York  41.4%  43 
North Carolina  34.5%  24 
North Dakota  19.1% 
Ohio  31.9%  14 
Oklahoma  28.8%  10 
Oregon  42.8%  45 
Pennsylvania  33.3%  18 
Rhode Island  43.6%  46 
South Carolina  34.0%  22 
South Dakota  25.5% 
Tennessee  33.3%  19 
Texas  32.6%  16 
Utah  35.5%  27 
Vermont  38.8%  37 
Virginia  35.2%  25 
Washington  40.9%  41 
West Virginia  25.6% 
Wisconsin  34.3%  23 
Wyoming  28.0% 

Source

2010 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2010.

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