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Support #567

Household Income vs. Housing costs

Added by Emily Murray over 6 years ago. Updated over 6 years ago.

Status:
Closed
Priority:
Normal
Assignee:
Category:
Data analysis
Start date:
05/19/2016
% Done:

100%


Description

I am trying to derive a measure of the % of household income that is spent on housing. I am using gross household income (fihhmngrs_dv) for household income, as the traditional way of calculating 'affordable housing' is >30% of gross household income being spent on housing costs.

However, I have noticed that quite a few US respondents have quite strange housing cost to household income ratios. Essentially having mortgage or rent payments but no, or next to none, household income. I would assume of this may be people temporarily unemployed or using savings, but these doesn't seem to be the case for quite a few. What do you think could be the explanation of the discrepancy?

Thanks!

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