This chart outlines how the housing supply in an area does, or sometimes doesn't, relate to people's incomes in a municipality.
|
Common sources of income include job salaries, disability, and social security benefits.
Source for Social Security Income Source for Disability Benefit Income Source for Occupation Salaries |
Income levels are based on the Area Median Income (AMI) for the Chicago-Joliet-Naperville metro area.
Source for AMI data |
Affordable rent is 30% of each income level. Available housing shows the average prices of units (studios to 3-bedrooms) that are available to rent in a municipality.
HUD's definition of Affordable Housing Source for Available Housing |
|
As you may notice from this chart, most housing supplies don't match the need for housing when it comes to households that make less than 50% of the AMI .
|
Of course, this doesn't mean that everybody with low incomes are unhoused.
However, this could mean that people at these income levels are paying more than half of their income on housing. |
When people pay more than half of their income on housing, they might be:
|
|
|
|
