Examples of Cost burden in a sentence
Cost burden is most acute among extremely low-income renters with 57% paying more than 30% of their income for housing.
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.
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.
Cost burden is the predominant problem among households with housing need in the state.
Cost burden or overpaying, which is defined as spending 30% or more of gross household income for housing including utilities, is the most severe need experienced by lower income households.
Housing problems are defined as households meeting at least one of the following conditions: Lacks complete kitchen Lacks complete plumbing facilities More than one person per room Cost burden is greater than 30% Households with severe conditions experience one or more of the above and severe overcrowding (more than 1.5 persons per room) and/or a cost burden greater than 50%.
Cost burden is more of a problem among elderly households at this income level (20 percent have excess cost burden, and 0.8 percent have severe cost burdens).
In addition, 46% of Ashland’s households were cost burdened, more than the county average of 39% of households.1 Cost burden in Ashland increased from 41% in 2000 to 46% in 2014-2018 based on data from the Census’ American Community Survey.
Cost burden is more prevalent among the County’s renters than homeowners.
Cost burden of viral respiratory infections: issues for formulary decision makers.