CFED Scorecard

CFED Assets & Opportunity Scorecard

Housing & Homeownership
Housing Cost Burden - Homeowners
Definition

Percentage of mortgaged owners spending 30% or more of household income on selected monthly owner costs, 2014.

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.

To see the data disaggregated by race and ethnicity, click on the Data by Race tab below.

30.8% of United States homeowners are cost-burdened

Housing Cost Burden - Homeowners, 2014

StatePercent of Homeowners
who are Cost Burdened (%)
Rank
United States 30.8%
Alabama 28.2% 22
Alaska 27.0% 17
Arizona 29.3% 29
Arkansas 24.5% 9
California 40.6% 50
Colorado 29.0% 27
Connecticut 34.1% 44
Delaware 31.3% 35
District of Columbia 26.5% 16
Florida 37.2% 47
Georgia 29.6% 31
Hawaii 40.6% 51
Idaho 27.3% 19
Illinois 31.6% 37
Indiana 22.7% 4
Iowa 20.9% 2
Kansas 23.6% 7
Kentucky 25.9% 14
Louisiana 28.3% 23
Maine 31.5% 36
Maryland 31.1% 34
Massachusetts 32.6% 42
Michigan 26.5% 15
Minnesota 24.9% 12
Mississippi 30.7% 33
Missouri 25.4% 13
Montana 30.7% 32
Nebraska 22.9% 6
Nevada 32.1% 39
New Hampshire 32.5% 41
New Jersey 39.5% 49
New Mexico 32.4% 40
New York 37.2% 48
North Carolina 28.5% 24
North Dakota 16.3% 1
Ohio 24.7% 11
Oklahoma 24.7% 10
Oregon 32.8% 43
Pennsylvania 28.6% 26
Rhode Island 36.9% 46
South Carolina 29.5% 30
South Dakota 22.5% 3
Tennessee 29.2% 28
Texas 27.2% 18
Utah 27.4% 20
Vermont 35.5% 45
Virginia 28.6% 25
Washington 31.7% 38
West Virginia 22.8% 5
Wisconsin 27.9% 21
Wyoming 23.6% 8

Change in Housing Cost Burden - Homeowners

Percent of Cost Burdened Homeowners (%)
State20072008200920102011201220132014
United States 37.5% 37.7% 37.6% 38.0% 36.9% 33.9% 31.7% 30.8%
Alabama 29.1% 28.9% 29.7% 32.7% 31.6% 28.3% 26.5% 28.2%
Alaska 34.9% 32.5% 32.9% 32.2% 32.0% 31.5% 26.7% 27.0%
Arizona 39.5% 41.5% 41.2% 41.2% 39.2% 33.7% 31.7% 29.3%
Arkansas 26.5% 27.6% 27.2% 27.5% 27.7% 25.4% 24.9% 24.5%
California 53.0% 53.6% 52.4% 51.2% 49.0% 45.9% 41.9% 40.6%
Colorado 37.9% 37.1% 35.8% 37.6% 35.0% 32.3% 30.1% 29.0%
Connecticut 40.3% 41.0% 40.6% 41.4% 40.6% 38.8% 35.3% 34.1%
Delaware 35.9% 36.5% 36.1% 37.3% 34.9% 33.3% 30.8% 31.3%
District of Columbia 38.7% 37.6% 39.1% 35.8% 35.7% 32.1% 28.6% 26.5%
Florida 48.9% 49.5% 49.5% 48.8% 46.4% 43.2% 39.0% 37.2%
Georgia 34.6% 34.2% 36.1% 38.2% 36.8% 32.8% 30.8% 29.6%
Hawaii 45.8% 49.5% 49.4% 50.2% 49.2% 48.2% 43.7% 40.6%
Idaho 33.1% 33.9% 36.8% 36.8% 36.8% 32.7% 30.1% 27.3%
Illinois 38.7% 38.8% 38.3% 39.8% 38.8% 35.3% 32.8% 31.6%
Indiana 26.9% 28.1% 27.4% 27.5% 26.6% 23.8% 23.4% 22.7%
Iowa 25.3% 24.4% 23.3% 24.8% 23.7% 22.3% 20.9% 20.9%
Kansas 25.7% 25.2% 25.2% 26.5% 27.0% 25.0% 22.2% 23.6%
Kentucky 27.0% 27.9% 28.0% 30.2% 28.1% 26.2% 25.7% 25.9%
Louisiana 29.6% 28.8% 28.7% 30.2% 29.8% 28.6% 27.3% 28.3%
Maine 35.4% 37.2% 36.4% 34.0% 35.7% 34.5% 31.7% 31.5%
Maryland 37.9% 39.3% 38.7% 38.1% 37.0% 33.3% 31.7% 31.1%
Massachusetts 41.3% 42.1% 40.1% 39.1% 38.7% 35.2% 33.8% 32.6%
Michigan 36.3% 36.0% 36.8% 36.4% 33.9% 30.5% 27.7% 26.5%
Minnesota 34.6% 34.5% 33.7% 33.4% 32.2% 27.0% 25.7% 24.9%
Mississippi 32.6% 31.0% 33.3% 35.4% 34.4% 31.9% 30.5% 30.7%
Missouri 29.1% 28.5% 29.2% 30.2% 29.4% 27.8% 26.5% 25.4%
Montana 33.6% 33.6% 34.9% 36.1% 37.2% 31.8% 29.0% 30.7%
Nebraska 26.9% 26.6% 25.4% 26.0% 24.9% 24.3% 23.3% 22.9%
Nevada 49.0% 49.2% 47.4% 45.2% 42.8% 39.2% 36.0% 32.1%
New Hampshire 40.5% 41.2% 41.3% 40.2% 39.9% 37.9% 33.8% 32.5%
New Jersey 46.1% 46.5% 47.0% 46.7% 47.3% 43.8% 40.9% 39.5%
New Mexico 34.0% 34.6% 34.3% 36.0% 34.3% 33.6% 31.5% 32.4%
New York 41.5% 41.3% 41.0% 41.4% 41.3% 39.4% 37.8% 37.2%
North Carolina 30.7% 31.7% 32.5% 34.5% 33.9% 30.5% 29.0% 28.5%
North Dakota 21.4% 23.2% 21.4% 19.1% 19.1% 17.4% 17.6% 16.3%
Ohio 30.7% 30.8% 31.2% 31.9% 30.9% 27.3% 26.1% 24.7%
Oklahoma 26.2% 26.6% 25.9% 28.8% 28.3% 26.1% 24.4% 24.7%
Oregon 40.8% 41.5% 41.6% 42.8% 41.2% 38.1% 35.3% 32.8%
Pennsylvania 32.9% 33.2% 32.7% 33.3% 33.3% 30.2% 29.0% 28.6%
Rhode Island 42.3% 42.4% 43.3% 43.6% 41.2% 38.0% 36.2% 36.9%
South Carolina 31.3% 31.0% 32.3% 34.0% 34.2% 30.2% 30.1% 29.5%
South Dakota 25.8% 27.9% 25.7% 25.5% 25.0% 23.3% 21.9% 22.5%
Tennessee 31.5% 31.3% 33.1% 33.3% 32.7% 30.7% 28.6% 29.2%
Texas 31.9% 31.5% 31.4% 32.6% 31.6% 29.2% 27.6% 27.2%
Utah 33.5% 35.2% 35.6% 35.5% 34.3% 31.8% 29.1% 27.4%
Vermont 39.5% 38.9% 38.2% 38.8% 37.0% 35.9% 34.9% 35.5%
Virginia 35.5% 35.6% 36.2% 35.2% 33.4% 31.5% 29.6% 28.6%
Washington 40.6% 41.6% 41.1% 40.9% 39.4% 36.7% 34.3% 31.7%
West Virginia 25.5% 25.5% 24.3% 25.6% 26.8% 22.5% 23.5% 22.8%
Wisconsin 33.5% 34.2% 34.6% 34.3% 33.4% 29.9% 29.2% 27.9%
Wyoming 24.4% 27.0% 26.9% 28.0% 26.9% 24.4% 23.8% 23.6%

Definition

Percentage of mortgaged owners spending 30% or more of household income on selected monthly owner costs, 2014.

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

2014 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2015.

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