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In Topeka, 47% of renters are rent-burdened by what they pay in housing costs, leaving them less income for basic needs, and making it difficult to save up for better housing in the future.
The definition of affordable housing is generally accepted to mean that an individual or family spends no more than one-third of their monthly budget on housing and utility costs. The median ...
Home prices by county (2021) <$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000+ Cost of housing by State. This article contains a list of U.S. states and the District of Columbia by median home price, according to data from Zillow.
The U.S. Department of Housing and Urban Development characterizes households as “cost-burdened” when they spend more than 30% of their income on rent, mortgage payments, and other housing costs.
A housing affordability index (HAI) is an index that measures housing affordability, usually the degree to which the median person or family in a particular country or region can afford housing/housing-related costs. [1] [2] [3] Housing affordability is one contribution to the cost of living in an area; measured by the cost-of-living index. [3]
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
Marsha Pope, president of the Topeka Community Foundation said that there is a need for housing in all parts of Topeka. New construction will bring affordable apartments to North Topeka. Here's ...
The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...