A fifth of working households in Idaho spend more than half of their income on housing costs, according to a new study from the Center for Housing Policy. That’s slightly better than the national proportion of working households that have a “severe housing cost burden.” That number stands at 23.6 percent.
According to the study, the percent of working households in Idaho with a severe housing cost burden went up slightly from 2008 to 2010, mirroring national trends. Nationally, the drop in housing prices was outpaced by the drop in income over that period. Working households that rent are somewhat more likely than those that own to have severe housing costs, the report says.