Did you know that 36,379 Vermont renter households are cost burdened, spending more than 30% of their income on housing? The U.S. Census Bureau released data from the 2014 American Community Survey (ACS). The ACS collects demographic, housing, economic, and commuting data on an annual basis.
The data breaks down the percent of income spent on housing. Over 12,646 Vermont renter households pay between 30-39.9% of their income on housing, with 5,676 Vermonters paying between 40-49.9% and 18,057 paying over 50%.
When households pay that much of their income on housing, they have much less to spend on other necessities. This can have a huge impact on people's health and well-being. Vermont Housing Finance Agency promotes affordable housing opportunities for low and moderate income Vermonters. Learn more about the programs we offer.