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HOUSING COST BURDEN BY INCOME GROUP <br /> MASHPEE-2010(OWNERS&RENTERS) <br /> 3000 <br /> Figures In RED above each column are the number of households paying>30% 520 <br /> of income for housing cost. HUD defines this as"Housing Cost Burdened" 2750 <br /> (bottom red of each coluimn),or"Severely Housing Cost Burdened"(yellow <br /> 2500 Portion of each column),if paying>50%of income for housing cost. <br /> #of Households cost Burdened(paying>301/.and<50%)= 1,430 <br /> 2000 #of Households Severely Cost Burdened(paying>50%1 = 1,055 <br /> Total it of HHs cost burdened or severely cost burdened = 2,485 <br /> Total Mashpee Households=5,256(Surveyed) <br /> Cost Burdened Mashpee Households(%) = 4 7% <br /> 1500 Severely Cost Burdened Mashpee Households(%) = 20% <br /> 480 <br /> 1000 100° <br /> 675 750 480 <br /> 330 <br /> 500 11% 0(--�67 <br /> I--1 540 <br /> 18% <br /> 78% 47% '42% :46% <br /> 0 11 6% wasawrom 12% 1% <br /> Extremely Low Very Low Income Low Income(LI) Moderate Income All Other <br /> Income(ELI) (VLI) <80%>50% (Mod)<100%>80% Households <br /> <30%AMI <50%>30% Incomes>100% <br /> R Severely Cost Burdened:>50% Cost Burdened:>30%&<50% o Not Cost Burdened:<30% <br /> 8. Housing cost burden by income group- 2010 census <br /> • Very low income, less than 30% average median income, greater than 70% of <br /> that group had a cost burden. Three quarters of the people that earn incomes of <br /> 30% AM or less had to choose between food, housing, and medical care as a <br /> daily problem in their life. <br /> • Cost burden goes down as income goes up. Moderate incomes face cost burden <br /> of housing costs escalating on Cape Cod. <br /> • In 2010, Mashpee number of households that were housing cost burdened was <br /> 2,485. Half of Mashpee was paying so much for their housing costs it was <br /> considered a housing cost burden. <br /> • Ms. Baker commented that seems like a crisis. Collaboratively, all agreed. <br /> 14 <br />