population€¦ · income needed to rent: 2011 rhode island housing rental survey income needed to...

$30,612 all families headed by womenMEDIAN INCOME

$60,880INCOME NEEDED

TO AFFORD$46,000

average3-BR rent

LIVING ARRANGEMENTS

average2-BR rent

INCOME vs. INCOME NEEDED

$37,840 average1-BR rent

$61,925 median priced single-family home

$22,694 families headed by womenw/children under 18

INCOME NEEDED TOPURCHASE

Earnings: Rhode Island Department of Labor and Training, 2011 Median weekly wageIncome needed to Rent: 2011 Rhode Island Housing Rental SurveyIncome needed to Own: Based on 30-year mortgage of $195,000 home (Median price single-family home in RI, 2011) at 4.45% interest rate; municipal property taxes; hazard insurance; and FHA mortgage insurance of 1.25% as well as a financed upfront 1.75% insurance fee required by FHAAll other data: US Census Bureau American Community Survey 2011 1-year Estimates and 2011 1-year PUMS

A LOOK at WOMEN and HOUSING in RI

HOUSING COST BURDENS for FAMILIES HEADED BY WOMEN

RENTOWN

IN POVERTY

FAMILIES HEADED by WOMEN

IN POVERTY

1 in 3 female-headed families who rent their homespend 50% or more of their

income on housing expenses

Nearly 1 in 4 female-headed families who own their homespend 50% or more of their

income on housing expenses

44%11%

41% 59%

A joint project from:

66%HAVE

CHILDRENUNDER 18

34%HAVE NO

CHILDRENUNDER 18

5+ CHILDREN

3%

3-4 CHILDREN

17%

81%

1-2 CHILDREN

EARNINGSWomen working full-time in Rhode Island earn

of what men working full-time earn

81.4%

1$

15%

29%

30%

27%

Bachelor’sDegree or Higher

Some Collegeor Associates Degree

High School Diploma

Less Than High School

EDUCATION

POPULATION

52% WOMEN

48% MEN

5¢

25¢25¢

25¢

1¢5¢

25¢25¢

25¢

1¢