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History | Housing Stat | California Project | New York Project

Housing Statistics

Recent statistics developed by the Harvard Joint Center for Housing Studies:

  • 14.3 million American households spend more than 50 percent of their income on housing.
  • 10.1 million of these households are in the bottom fifth of the income distribution.
  • 17.3 million households spend 30 to 50 percent of their income on housing.
  • 6.3 million households receive rental subsidies, but of these, about 3 million still spend more than 30 percent of their income for housing.
  • 7.3 million homeowners spend more than 50 percent of their income on housing, including 2.7 million with no mortgage.

The Facts On Affordability

     
  • There is no county in America where a household with one wage earner at minimum wage can afford a modest one-bedroom apartment. (Loan Income Housing Coalition)
  • Someone who makes the current minimum wage of $5.15 per hour and allocates no more than 30 percent of annual income for housing should not have to pay more than $257.50 per month in rent and utilities. The average cost of a reserved parking space in downtown Washington , D.C. , is $280. The average cost of a one bedroom in Manhattan is $1500. The average cost of a two bedroom in Los Angeles is $2200. (National Building Museum)
  • To afford the median fair-market price of a two-bedroom rental unit in the United States, a worker would have to earn a wage of $12.47 per hour, 242 percent of the current federal minimum wage of $5.15 per hour. (National Building Museum)

Image Credits

  • Swan's Marketplace, Oakland, CA, Pyatok Architects, Inc., C Pyatok Architects, Inc.
  • Howard University/LeDroit Park Revitalization Initiative, Washington, DC, Sorg and Associates, PC, C Sorg and Associates, PC
  • Design drawing, Chelsea Court, New York, NY, Louise Braverman, Architect, C Louise Braverman
  • Santa Monica, CA, Pugh Scarpa Kodama , C Pugh Scarpa Kodama
  • The University of Illinois at Chicago
  • Greene House, 383 Carlton Ave, Fort Greene Brooklyn.

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