Indicator Gauge Icon Legend
Legend Colors
Red is bad, green is good, blue is not statistically different/neutral.
Compared to Distribution
the value is in the best half of communities.
the value is in the 2nd worst quarter of communities.
the value is in the worst quarter of communities.
Compared to Target
meets target; 
does not meet target.
Compared to a Single Value
lower than the comparison value;
higher than the comparison value;
not statistically different from comparison value.
Trend
non-significant change over time; 
significant change over time; 
no change over time.
Compared to Prior Value
higher than the previous measurement period;
lower than the previous measurement period;
no statistically different change from previous measurement period.
Significantly better than the overall value
Significantly worse than the overall value
No significant difference with the overall value
No data on significance available
Older Adult Homeowners Spending 30% or More of Household Income on Housing Costs
County: Miami-Dade
Measurement Period: 2018-2022
This indicator is archived and is no longer being updated. Click to learn more
This indicator shows the percentage of homeowners age 65 years and older who are spending 30% or more of their household income on housing costs in the past 12 months. Mortgaged monthly owner costs are comprised of mortgage, second mortgage, home equity loan or line of credit, utilities (electricity, gas, other fuels, water), real estate taxes, property insurance, and any mobile home costs or condominium fees that may be applicable.
Why is this important?
Spending a high percentage of household income on housing can create financial hardship, especially for lower-income and older adult homeowners who are retired from the workforce. With a limited income, high monthly housing costs may not leave enough money for other expenses, such as food, transportation and medical. Moreover, high housing costs reduce the proportion of income a household can allocate to savings each month.
38.8%
Source:
American Community Survey 5-Year
Measurement period: 2018-2022
Maintained by: Conduent Healthy Communities Institute
Last update: February 2024
Measurement period: 2018-2022
Maintained by: Conduent Healthy Communities Institute
Last update: February 2024
Compared to
Technical note: The U.S. Census Bureau calculates 90% confidence intervals for American Community Survey estimates. Use caution when interpreting values with wide confidence intervals. Confidence intervals that are farther away from estimates in either direction indicate uncertainty due to small survey sample sizes.
The U.S. Census Bureau does not recommend comparing overlapping 5-year periods since much of the data in each estimate are the same. Use caution when comparing estimates for census tracts over time as these geographies are redefined with each decennial census according to population changes.
Graph Selections
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Data Source
- American Community Survey 5-Year
Note: This source uses Zip Code Tabulation Areas (ZCTAs) for its Zip Code data. Learn more
Maintained By: Conduent Healthy Communities Institute (Methodology)
Filed under: Health / Older Adults, Economy / Housing & Homes, Social Determinants of Health, Older Adults