Blacks and Hispanics are more likely than Asians and whites to live in unaffordable housing.
Households that pay a high percentage of their income for housing have little left for other necessities. The quest for affordable housing (costing less than 30% of income) can mean moving far from family, friends, work, school, and childcare arrangements. People who live in unaffordable housing may scrimp on food and forego necessary healthcare and medications.
More than 1 in 3 rental and mortgage-holding households spends at least 30% of income on housing (cost-burdened). 1 in 6 households spends at least half of income on housing (severely cost-burdened).
- More than half of households headed by Blacks and Hispanics are cost-burdened or severely cost-burdened.
- Households headed by Blacks and Hispanics experiences higher cost burdens than those headed by Asians and whites.