The housing cost burden in Hinsdale and Oak Brook

Historic downtown Hinsdale, Illinois

The US Department of Housing and Urban Development explains the concept of a "housing cost burden" as follows:

Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.

Most of us simply take it for granted that only the poor are paying a disproportionate share of their income for rent, and might be surprised to learn that 42.4% of the renters in affluent Hinsdale qualified as "cost burdened" in 2005-2009. The percentage rose from 2000, when it was 36.1%.

Oak Brook's cost-burdened renter population declined sharply from 36% in 2000 to 20.8%, on average, in 2005-2009.

You can find the data, and much more information about various communities, at MetroPulse.

Filed under: Real Estate

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