2013 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

Households with Savings Accounts

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

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Housing Cost Burden - Homeowners

Reports & Graphics

Definition

Percentage of mortgaged owners spending 30% or more of household income on selected monthly owner costs, 2011.

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

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.

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Housing Cost Burden - Homeowners

StatePercent of Homeowners
who are Cost Burdened (%)
Rank
United States  36.9%   
Alabama  31.6%  15 
Alaska  32.0%  17 
Arizona  39.2%  40 
Arkansas  27.7% 
California  49.0%  50 
Colorado  35.0%  30 
Connecticut  40.6%  43 
Delaware  34.9%  29 
District of Columbia  35.7%  32 
Florida  46.4%  48 
Georgia  36.8%  34 
Hawaii  49.2%  51 
Idaho  36.8%  33 
Illinois  38.8%  39 
Indiana  26.6% 
Iowa  23.7% 
Kansas  27.0% 
Kentucky  28.1%  10 
Louisiana  29.8%  13 
Maine  35.7%  31 
Maryland  37.0%  35 
Massachusetts  38.7%  38 
Michigan  33.9%  23 
Minnesota  32.2%  18 
Mississippi  34.4%  28 
Missouri  29.4%  12 
Montana  37.2%  37 
Nebraska  24.9% 
Nevada  42.8%  47 
New Hampshire  39.9%  42 
New Jersey  47.3%  49 
New Mexico  34.3%  27 
New York  41.3%  46 
North Carolina  33.9%  24 
North Dakota  19.1% 
Ohio  30.9%  14 
Oklahoma  28.3%  11 
Oregon  41.2%  44 
Pennsylvania  33.3%  20 
Rhode Island  41.2%  45 
South Carolina  34.2%  25 
South Dakota  25.0% 
Tennessee  32.7%  19 
Texas  31.6%  16 
Utah  34.3%  26 
Vermont  37.0%  36 
Virginia  33.4%  21 
Washington  39.4%  41 
West Virginia  26.8% 
Wisconsin  33.4%  22 
Wyoming  26.9% 

Source

2011 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2012.

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