Description of Indicator
This indicator examines the affordability of rental housing units in the region. Rental housing affordability is assessed by calculating rental costs as a share of the median household income.
Why is it important?
Rental affordability is an important measure to ensure that families have access to safe, adequate housing. Housing affordability is a critical factor in a region’s quality of life and sustained housing is a critical factor in the social determinants of health. It also leads to better academic performance and worker stability.
How is the region performing?
Lackawanna County renters spent 29.1 percent of their incomes on housing in 2022. This 2022 rate is a decrease of 0.5 percent from the previous year, an increase of 3.8 percent from 2000, and an increase of four percent from 1990.
Luzerne county renters spent 30.4 percent of their incomes on housing in 2022. This 2022 rate is an increase of 1.1 percent from the previous year, an increase of 5.2 percent from 2000, and an increase of 4.7 percent from 1990.
Wayne county renters spent 31.3 percent of their incomes was on housing in 2022. This 2022 rate is an increase of 1.5 percent from the previous year, an increase of 4.1 percent from 2000, and an increase of 4.9 percent from 1990.
Pennsylvania renters spent 30.4 percent of their incomes on housing in 2022. This 2022 rate is an increase of 0.1 percent from the previous year, an increase of 4.5 percent from 2000, and an increase of 3.8 percent from 1990.