Region’s Low-Income Households Carry Greatest Cost-of-Living Burden
(Washington Examiner) — Homeowners in some of the area’s poorest neighborhoods are spending nearly half of their income on housing, a percentage far higher than the 30 percent experts say should be spent on housing costs. The potentially dangerous levels of spending are occurring largely in Prince George’s County, where mortgaged homeowners in cities near the Capital Beltway give up between 35 percent and 45 percent of their incomes for housing-related bills, according to the Census Bureau’s American Community Survey.
