Sentences with phrase «percentage spent on housing»

In some parts of the country (hi, New York and the rest of the Northeast), the percentage spent on housing can be even higher than the 37 % average.

Not exact matches

In - house research by the bank showed that Detroit residents, on average, channeled a significantly higher percentage of their spending through small businesses than city dwellers nationwide.

Young people often make less money, need to save for a down payment on a house, and spend a high percentage of disposable income raising their children.

Methodology: Based on each state's median household income, states were ranked according to the percentage of the median paycheck that was left over after subtracting the following: (1) average housing cost per paycheck, (2) total amount spent on food per paycheck, (3) total amount spent on utilities per paycheck, (4) total amount spent on transportation per paycheck and (5) total amount spent on health per paycheck.

As a percentage, that is under half of what individuals often spend on housing expenses.

First there are three critical problems with the structure of our economy - the dominance of government spending on recurrent expenses of a public service which employs only a small percentage of Nigerians; the dominance of our oil and gas sector (and until recently power) by an inefficient and corrupt public sector; and the structure of our financial sector which excludes Small, Medium and Micro Enterprises from financing and has been unable to provide mortgages and housing for the middle class.

Homes are a little pricier but the percentage of income residents spend on housing is still lower than several of the other cities on our list.

We considered the percentage of income residents spend on housing to measure which cities offer the biggest bank for your buck.

Odds of being a victim of violent crime: 1 in 291 inhabitants Commute time: 17.4 minutes Average hours worked per week: 41.9 % of male divorced: 8.3 % % of female divorced: 12.4 % Percentage of income spent on housing: 19 %

What earned New Bern its # 9 ranking on our list is the high percentage of divorcees and the high percentage of income that residents spend on housing.

Residents also spend one of the highest percentages of their income on housing than any other city.

As the smallest city on our list, residents spend the lowest percentage of their income on housing and have one of the fastest daily commutes to work.

With that truth in mind, we ranked each city based on what percentage of income residents are spending on housing.

Our data shows that residents work an average number of hours and don't have to commute very long to get to work, but they have to spend a large percentage of their income on housing each month and they have to worry about crime more than residents of other nearby cities.

The front - end ratio is the percentage of monthly before - tax earnings that are spent on house payments (including principal, interest, taxes and insurance — aka PITI).

Rule of thumb: Spend a fixed percentage of your income on housing The general recommendation is to spend about 30 % of your gross monthly income (before taxeSpend a fixed percentage of your income on housing The general recommendation is to spend about 30 % of your gross monthly income (before taxespend about 30 % of your gross monthly income (before taxes)...

To give you an idea of which places are most affordable, we considered the percentage of income residents spend on housing.

We can assume that cities where people spend a higher percentage of their income on housing have to make some lifestyle adjustments to cover the expense.

Everett residents work relatively long hours, earn $ 47,491 on average, and spend a high percentage of their income on housing.

Both the divorce rate and the percentage of income residents spend on housing are the lowest on our list.

This is where Centrelink will set aside a percentage of your benefits that can only be spent on essential goods and services such as food, housing, clothing, education and health care.

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payHousing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payhousing cost (rent or mortgage payments).

I wouldn't judge by the percentage you're spending on housing.

The last thing we considered was the percentage of income residents spend on housing.

Unfortunately, this can lead to being «house poor» — spending such a large percentage of your income on housing that it hinders your cash flow.

Studying the same time frame as Next 10 did, the Partnership found a dramatic loss of state funding for affordable housing, substantial increases in the percentage of income lower - income Californians spent on rent, and enormous increases in homelessness.

However, renters usually paid a higher percentage of their household income on these costs than did owners, 48 percent compared with 31 percent of homeowners who spent 30 percent or more of their income on housing costs.

Moody's Analytics expects that the negative «wealth effect» from housing — where people spend money based on the value of their home — subtracted around 0.25 of a percentage point from GDP last year and that it will shave 0.05 percentage point from GDP this year.

Use a site such as www.e-loan.com to calculate how large a mortgage a client can handle and what percentage of income is reasonable to spend on housing.

If residential investment — which encompasses all direct spending on residential real estate construction and activity — returns to its 1997 level over the next two years, then housing will boost overall economic growth by 0.5 percentage points in 2013 and 2014,» Stiff continues.