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Friday, March 20, 2015

Hawaii #2 in USA: 43% of Households Spend at Least 30% on Housing

By Selected News Articles @ 3:45 PM :: 6483 Views :: Hawaii Statistics, Cost of Living
 

From PEW Trust March, 2015

The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda. A new Stateline analysis shows that in all 50 states, the percentage of “middle-class” households—those making between 67 percent and 200 percent of the state’s median income—shrunk between 2000 and 2013. The change occurred even as the median income in most states declined, when adjusted for inflation. In most states, the growing percentage of households paying 30 percent (the federal standard for housing affordability) or more of their income on housing illustrates that it is increasingly difficult for many American families to make ends meet. Hover over states for details. (LINK)

Hawaii, Alaska, Idaho and Wyoming have the smallest percentage decline in middle class.  (This may not properly account for Hawaii's soaring cost of living.)

Only California (44%) has more households spending at least 30% of their income on housing.

Hawaii

Share of Households That are Middle Class:

  • 2013: 48.6%
  • 2000: 49.9%

Median Income:

  • 2013: $68,020
  • 2000: $68, 652  (inflation adjusted)

Share of Households Spending at Least 30% of Income on Housing:

  • 2013: 43%
  • 2000: 36%
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