Housing Affordability for Renters
What does this measure?
The proportion of household income that goes toward monthly rent, utilities, and fuel, calculated by dividing median rent by median household income for renters.
Why is this important?
This figure indicates how affordable housing is for renters. The federal Housing and Urban Development Department guideline for affordability is that rent should consume no more than 30% of household income.
How is Ulster County performing?
In 2010-14, 38% of household income in Ulster County went toward rent, well above the statewide (excluding NYC) average of 30% and the national rate of 33%. Ulster was very similar to the other counties in the Mid-Hudson Valley, with Dutchess at 34% and Orange at 38% in 2010-14. Like the other counties and the region, the rate rose from 2000 to 2005-09 (from 29% to 32%) and again from 2005-09 to 2010-14.
The local municipalities where rent consumed the least proportion of household income were Esopus (30%), Denning (21%), and Shawangunk (32%), while those where rent consumed the highest proportion were Shandaken (47%), Woodstock (46%), and Ellenville (44%).
Notes about the data
Multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Figures used in calculations are in 2011 dollars. Regional rates calculated by weighting county medians based on share of population. Data for this indicator are expected to be released in the fourth quarter.