indicator
Housing Cost Burdens
Housing Cost Burdens
Description
Distribution of Housing Costs as a Share of Income Among Adults Age 60 or Older, by Owner/Renter Status and Race & Ethnicity, 2024
Data Source
American Community Survey (ACS)
Calculation Methodology
- 1Select records where
HHLDRAGEPis 60 or older to focus on adults age 60 or older. - 2Filter data by
HOUSEHOLD_OWNERSHIPto separate Homeowner with mortgage (HOUSEHOLD_OWNERSHIP=1), Homeowner, no mortgage (HOUSEHOLD_OWNERSHIP=2), and Renter (HOUSEHOLD_OWNERSHIP=3) groups. - 3Use
GRPIPandOCPIPcolumns to classify housing cost burden categories: spending less than 30%, 31%-49%, or 50% or more of income on housing costs. - 4Derive race and ethnicity categories from
HHLDRRAC1PandHHLDRHISPcolumns according to specified mapping logic. - 5Apply the weight column
WGTPto calculate weighted percentages for each race and housing cost burden category within owner/renter groups. - 6Aggregate the weighted results by
RACEcategories and housing cost burden groups to produce the grouped stacked bar chart distribution.
Source Variables using this Indicator (19)
Visuals Using This Indicator (1)
Distribution of Housing Costs as a Share of Income Among Adults Age 60 or Older, by Owner/Renter Status and Race & Ethnicity, 2024
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