United States - Housing Cost Overburden
Since 2014, United States Housing Cost Overburden fell by 1.6points year on year. With 28.2 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, the country was number 6 among other countries in Housing Cost Overburden. United States is overtaken by Iceland, which was number 5 at 28.4 Percent of Households Devoting More Than 40% of their Income to Housing Costs and is followed by Denmark at 25.4 Percent of Households Devoting More Than 40% of their Income to Housing Costs. Greece lead the ranking with 40.3 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, that is a growth of 1.3points versus 2018. Chile, Luxembourg and Spain respectively ranked number 2, 3 and 4 in this ranking. Luxembourg recorded the best 5 years average growth at +6.4points per year, while Estonia was the worst growing country at -7.6points per year.
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| Date | Percent of Households Devoting More Than 40% of their Income to Housing Costs |
|---|---|
| 2019 | 28.20 |
| 2018 | 28.50 |
| 2017 | 28.70 |
| 2016 | 28.80 |
| 2015 | 29.40 |
How does United States rank in Housing Cost Overburden?
| # | 30 Countries | Percent of Households Devoting More Than 40% of their Income to Housing Costs | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Greece
|
40.30 % | 2019 | +1.3 % | -0.8 % | View data | |
| 2 |
#2
Chile
|
37.40 % | 2019 | +3.6 % | NA | View data | |
| 5 |
#5
Iceland
|
28.40 % | 2019 | +1.1 % | +0.1 % | View data | |
| 6 |
#6
United States
|
28.20 % | 2019 | -1.1 % | -1.6 % | View data | |
| 7 |
#7
Denmark
|
25.40 % | 2019 | +0.8 % | +0.3 % | View data | |