population€¦ · income needed to rent: 2011 rhode island housing rental survey income needed to...

$30,612 all families headed by women MEDIAN INCOME $60,880 INCOME NEEDED TO AFFORD $46,000 average 3-BR rent LIVING ARRANGEMENTS average 2-BR rent INCOME vs. INCOME NEEDED $37,840 average 1-BR rent $61,925 median priced single-family home $22,694 families headed by women w/children under 18 INCOME NEEDED TO PURCHASE Earnings: Rhode Island Department of Labor and Training, 2011 Median weekly wage Income needed to Rent: 2011 Rhode Island Housing Rental Survey Income needed to Own: Based on 30-year mortgage of $195,000 home (Median price single-family home in RI, 2011) at 4.45% interest rate; municipal property taxes; hazard insurance; and FHA mortgage insurance of 1.25% as well as a ﬁnanced upfront 1.75% insurance fee required by FHA All other data: US Census Bureau American Community Survey 2011 1-year Estimates and 2011 1-year PUMS A LOOK at WOMEN and HOUSING in RI HOUSING COST BURDENS for FAMILIES HEADED BY WOMEN RENT OWN IN POVERTY FAMILIES HEADED by WOMEN IN POVERTY 1 in 3 female-headed families who rent their home spend 50% or more of their income on housing expenses Nearly 1 in 4 female-headed families who own their home spend 50% or more of their income on housing expenses 44% 11% 41% 59% A joint project from: 66% HAVE CHILDREN UNDER 18 34% HAVE NO CHILDREN UNDER 18 5+ CHILDREN 3% 3-4 CHILDREN 17% 81% 1-2 CHILDREN EARNINGS Women working full-time in Rhode Island earn of what men working full-time earn 81.4% 1$ 15% 29% 30% 27% Bachelor’s Degree or Higher Some College or Associates Degree High School Diploma Less Than High School EDUCATION POPULATION 52% WOMEN 48% MEN 5¢ 25¢ 25¢ 25¢ 1¢ 5¢ 25¢ 25¢ 25¢ 1¢

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Page 1: POPULATION€¦ · Income needed to Rent: 2011 Rhode Island Housing Rental Survey Income needed to Own: Based on 30-year mortgage of $195,000 home (Median price single-family home

$30,612 all families headed by womenMEDIAN INCOME

$60,880INCOME NEEDED

TO AFFORD$46,000

average3-BR rent

LIVING ARRANGEMENTS

average2-BR rent

INCOME vs. INCOME NEEDED

$37,840 average1-BR rent

$61,925 median priced single-family home

$22,694 families headed by womenw/children under 18

INCOME NEEDED TOPURCHASE

Earnings: Rhode Island Department of Labor and Training, 2011 Median weekly wageIncome needed to Rent: 2011 Rhode Island Housing Rental SurveyIncome needed to Own: Based on 30-year mortgage of $195,000 home (Median price single-family home in RI, 2011) at 4.45% interest rate; municipal property taxes; hazard insurance; and FHA mortgage insurance of 1.25% as well as a financed upfront 1.75% insurance fee required by FHAAll other data: US Census Bureau American Community Survey 2011 1-year Estimates and 2011 1-year PUMS

A LOOK at WOMEN and HOUSING in RI

HOUSING COST BURDENS for FAMILIES HEADED BY WOMEN

RENTOWN

IN POVERTY

FAMILIES HEADED by WOMEN

IN POVERTY

1 in 3 female-headed families who rent their homespend 50% or more of their

income on housing expenses

Nearly 1 in 4 female-headed families who own their homespend 50% or more of their

income on housing expenses

44%11%

41% 59%