Description:
Ratio of median gross rent (including contract rent and utilities) to median renter household income.
Source:
Joint Center for Housing Studies of Harvard University, America’s Rental Housing: Evolving Markets and Needs. Ratios are calculated by the Stanford Center on Poverty and Inequality.
Methodological Notes:
Gross rent equals median gross rent from the 2011 American Housing Survey, indexed by a weighted combination of the Consumer Price Index (CPI) rent of primary residence, the CPI energy services index, and the CPI water and sewer maintenance index.
Renters exclude those paying no cash rent.