Impact 1: Increased Inventory of Housing, Especially Affordable Housing
Rental Housing Affordability
Indicator
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Home Renter Expenditure-to-income Ratio
This indicator shows the ratio between the average spending among households that spent on renter expenses and the median household income in the selected location. This includes spending on rent, maintenance, and insurance.
Home Renter Spending-to-Income Ratio
County: Santa Cruz
Indicator
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Utilities Expenditure-to-income Ratio
This indicator shows the ratio between the average spending among households that spent on utilities and the median household income in the selected location. This includes spending on power, heating, telecommunications, water, sewage, and trash services.
Utilities Spending-to-Income Ratio
County: Santa Cruz
Indicator
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Renters Spending 30% or More of Household Income on Rent
Spending a high percentage of household income on rent can create financial hardship, especially for lower-income renters. With a limited income, paying a high rent may not leave enough money for other expenses, such as food, transportation and medical.