What does this measure?
The proportion of household income that goes toward monthly rent, utilities and fuel, calculated by dividing median rent by median household income for renters.
Why is this important?
This figure indicates how affordable housing is for renters. The federal Housing and Urban Development Department guideline for affordability is that rent should consume no more than 30% of household income.
How is our region performing?
In 2012-16, rent in the region was 34% of household income, in line with the national proportion of 32% and the statewide proportion of 36%. Wyoming was the most affordable county (25%), while Monroe was the least (35%). The City of Rochester (43%) was less affordable than any county, the region, the state, and the nation.
From 2000 to 2012-16, housing became less affordable for almost every county in the region, with Yates having the greatest increase (7 points) while Wyoming ended unchanged over that timeframe. In comparison, the state and nation increased by 8 and 6 points, respectively, over the same period.
Notes about the data
Multi-year figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are expected to be released in the fourth quarter.
|NYS (excluding NYC)||25%||29%||31%|
Notes: Rent considered affordable if less than 30% of income. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.
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