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ACS – Cost Burdened Households

Data Categories:
Data Source:MN Compass, Natural Resources Research Institute
Update Fequency:Annually
Date Acquired:1/13/2020
Data Available:Yes
Metadata Available:Yes
Tags:, , , ,

This data layer depicts Cost Burdened Households. It was developed by Minnesota Compass and the Natural Resources Research Institute using data from the American Community Survey (ACS). Cost Burdened Households are defined as those that are spending greater than 30% of their income on housing. Note that these are statistical estimates and do not include the margin of error. The ACS is conducted on an annual basis by the US Census Bureau. It covers housing, demographic, social, and economic topics. The annual results are aggregated into 5-year intervals from 2014 to 2018 to produce more accurate estimates. Data is summarized at the Census Block Group level. The ACS provides more timely data than the Census for identifying trends in a community. Cost Burdened Households data provides insight for planners or project managers on communities that are at risk. Communities with a high number of Cost Burdened Households may be prioritized for projects that boost local economies, incomes, and wages.

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