June 20, 2013
Half of Californians Can’t Afford Their Homes
Posted on Dec 16, 2010
Californians are more burdened by housing costs than are residents of any other state, an analysis of new census data shows.
More than half of the state's homeowners with a mortgage—51.4 percent—spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the U.S. Census Bureau's American Community Survey.
Renters in California are in the same boat, with 51.8 percent spending more than 30 percent of their income on rent and utilities.
Housing costs in California are among the highest in the country. California homeowners spend an average $2,292 per month, compared to $1,486 nationally. Renters in the state pay an average $1,116 toward housing, compared to $817 nationally.
This post originally appeared on California Watch, a project of the Center for Investigative Reporting.
—By Joanna Lin, California Watch.
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