Affordable Housing, Reports and Publications

25% of CT’s Working Households Spend Half of Income on Housing


In Connecticut, 25% of working households spent more than half of their incomes on housing in 2010, compared to 23.6% nationally, according to the Center for Housing Policy’s Housing Landscape 2012 report. The report, which analyzed Census data on housing costs and income throughout the United States, found that housing affordability became harder as incomes declined for both working renters and working owners between 2008 and 2010.

Nationally, the 23.6% of households spending over half their income on housing costs is a 1.8% increase from 2008 when the percentage was 21.8%. Working renters experienced a 4% increase in housing costs while suffering from an inversely equal 4% decrease in household income, leaving them less able to tackle increasing housing costs. Working homeowners experienced a 5% decrease in household income in addition to a 2% decrease in housing costs. The report examined the number of households with a severe housing cost burden, defined as spending more than 50% of one’s income on housing.  Severe housing cost burden among working households occurred almost exclusively among those earning less than 80% of area median income (AMI).

The report’s statewide data indicated that the number of working households with a severe housing cost burden in Connecticut increased from 23% in 2008 and 2009 to 25% in 20102. In 2010 there were 555,259 working households in Connecticut, 137,144 of which had a severe housing cost burden, accounting for 25% of working households. The percentage of working households with severe housing cost burden in CT is higher than the national average.

A summary of the report is available here
The full report is available here


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