This indicator shows the ratio between the average spending among households that spent on homeowner expenses and the median household income in the selected location. This includes spending on mortgage interest, property tax, insurance, and maintenance.

This indicator shows all household spending on housing as a percentage of all annual household expenditures in the selected location. This includes spending on owned housing, rented housing, other lodging, utilities, fuels, public services, and other housing expenses.

Spending a high percentage of household income on housing can create financial hardship, especially for lower-income homeowners. With a limited income, high monthly housing costs may not leave enough money for other expenses, such as food, transportation and medical. Moreover, high housing costs reduce the proportion of income a household can allocate to savings each month.