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The subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used. [ 4 ] According to a 2018 study, major cuts in rental subsidies for poor households in the United Kingdom led to lowered house prices.
The data below is for annual median household income in the 50 states, the District of Columbia, and Puerto Rico — the data is based on 2013–2017 American Community Survey data from the U.S. Census Bureau; populations are also from the 2013–2017 American Community Survey.
The median household income level of its residents was $73,111 in 2008, and 48.4% of its residents 25 and older had a four-year degree, both of which were high for the city. The average household size was 1.9 people, low for both the city and the county. Of its housing units 62.2% were occupied by renters and 37.8% by owners. [1]
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The homeowner vacancy rate was 1.5%; the rental vacancy rate was 3.6%. 46,665 people (49.4% of the population) lived in owner-occupied housing units and 47,643 people (50.5%) lived in rental housing units. During 2015–2019, South Gate had a median household income of $52,321, with 17.2% of the population living below the federal poverty line.
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