A new report from the Harvard Joint Center for Housing Studies looks at “residual income cost burdens,” defined as “not having enough income left after paying rent to cover all other necessities.”
The two-thirds of working age renter households that have residual cost burdens is higher than the 50 percent with traditional housing cost burdens. This analysis also reveals geographic differences in cost burdens. For example, “Lower-cost states such as Arkansas, West Virginia, and Wyoming have some of the highest residual income burden rates in the country but don’t make the list of states with the highest housing cost burden rates.”…