Compared to Distribution

an indicator guage with the arrow in the green the value is in the best half of communities.

an indicator guage with the arrow in the yellow the value is in the 2nd worst quarter of communities.

an indicator guage with the arrow in the red the value is in the worst quarter of communities.

Compared to Target

green circle with white tick inside it meets target; red circle with white cross inside it does not meet target.

Compared to a Single Value

green diamond with downward arrow inside it lower than the comparison value; red diamond with downward arrow inside it higher than the comparison value; blue diamond with downward arrow inside it not statistically different from comparison value.

Trend

green square outline with upward trending arrow inside it green square outline with downward trending arrow inside it non-significant change over time; green square with upward trending arrow inside it green square with downward trending arrow inside it significant change over time; blue square with equals sign no change over time.

Compared to Prior Value

green triangle with upward trending arrow inside it higher than the previous measurement period; green triangle with downward trending arrow inside it lower than the previous measurement period; blue equals sign no statistically different change from previous measurement period.

dark blue chart bars Significantly different than the overall value

light blue chart bars No significant difference with the overall value

gray chart bars No data on significance available

Community Spending on Housing

State: Michigan

Measurement Period: 2024

This indicator shows all household spending on housing as a percentage of all annual household spending in the selected location. This includes spending on owned housing, rented housing, other lodging, utilities, fuels, public services, and other housing expenses.

Why is this important?

Spending a high percentage of household income on housing can create financial hardship, especially for households with limited incomes. High housing cost burden can make it hard to afford other expenses for health care, food, transportation and savings. This is linked to increased stress, mental health problems, and increased risk of disease (Healthy People 2030). A community's expenditures on housing in relation to total expenditures offers insight into overall household allocation of financial resources.

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