Examples of Cost burden in a sentence
Cost burden is defined as gross housing costs that range from 30.0 to 50.0 percent of gross household income; severe cost burden is defined as gross housing costs that exceed 50.0 percent of gross household income.
Cost burden is most acute among extremely low-income renters with 57% paying more than 30% of their income for housing.
Cost burden estimates assume: (a) There are no capital or start-up costs for respondents, and (b) respondents’ time is valued at $39/hr.
Cost burden is the predominant problem among households with housing need in the state.
According to the City of Columbia 2015-2019 Consolidated Plan, the most pressing housing problems today are: Substandard housing – units lacking complete plumbing or kitchen facilities Severely overcrowded – units with more than 1.51 people per room Overcrowded – units with 1 – 1.5 people per room Housing costs more than 30% of income Cost burden is the biggest housing problem in Columbia in terms of sheer numbers, a common trend in many communities across the state.
Figure 29: Cost Burden by RaceUniverse: Occupied housing unitsNotes: Cost burden is the ratio of housing costs to household income.
Figure 28: Cost Burden by Income LevelUniverse: Occupied housing unitsNotes: Cost burden is the ratio of housing costs to household income.
Faculty will dismiss the student if entrance/exit is in any way disruptive to the class and dismissal will be considered an unexcused absence.
Cost burden is defined as gross housing costs that range from 30 to 50 percent of gross household income; severe cost burden is defined as gross housing costs that exceed 50 percent of gross household income.
Cost burden rates in Ashland are slightly greater compared to cost burdened rates in Jackson County. Ashland needs more affordable housing types for homeowners.