Older Adult Homeowners Spending 30% or More of Household Income on Housing Costs
This indicator shows the percentage of homeowners age 65 years and older who are spending 30% or more of their household income on housing costs in the past 12 months. Mortgaged monthly owner costs are comprised of mortgage, second mortgage, home equity loan or line of credit, utilities (electricity, gas, other fuels, water), real estate taxes, property insurance, and any mobile home costs or condominium fees that may be applicable.
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