MILWAUKEE — The amount of homeowners in the Milwaukee metro area who spend more than 30% of their household income on housing and utilities has grown at more than twice the national rate, according to new data from the Harvard University Joint Center for Housing Studies.
At least 22.2% of homeowners in the Milwaukee-Waukesha metropolitan area are facing this challenge; 9.2% of these people are “severely burdened.”
But it’s not just the mortgage payment — estimated to cost an average of $2,448 per month — causing this pinch…