CONSEQUENCES • HOUSING  

IMPACT ON ALICE

What do families do if they can’t afford adequate housing?

Despite wide national variation, housing costs for renters and owners consistently outpace wages. Faced with high housing costs, most ALICE households are considered housing burdened, meaning that housing costs more than 30 percent of their income. In 2017, households with lower incomes (less than $50,000 per year) were more likely to be housing burdened than those with higher incomes (above $75,000) across all housing types.

  • Nearly three out of four lower-income renters — and the same share of lower-income owners with a mortgage — were housing burdened.

  • The states with the highest rates of housing-burdened renters were California (53 percent), Florida (52 percent), and Hawai‘i (52 percent). North Dakota had the lowest rate at 37 percent.7

 

Asset Limited, Income Constrained, Employed

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