HomeMy WebLinkAbout01-13-20 City Commission Packet Materials - SP1. HRDC Presentation on Homelessness - SUPPLEMENTAL MATERIALS 2 Having I place I call homeat the center of our and the
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BUDGETI
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T Gallatin County
Montanan has r home.
Indicator Gallatin County Montana
(Margin of Error) (Margin of Error) GALLATIN COUNTY FAMILIES LIVING IN
Renter Households 39% 32.8% POVERTY CANNOT AFFORD RENT
Percentage of households who are renters,2012-2016 (37.7%-40.7%) (32.4%-33.2%)
Renters Living in Poverty 26.4% 32.5% ,
Percentage of renter households with annual incomes below$20,000,2012-2016 (23.9%-28.9%) (31.6%-33.4%) ,
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Fair Market Rent
Average monthly cost of a two-bedroom rental,2017 $848 $775
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Affordable Rent $533 $469
Amount of rent affordable for households living below the poverty level,2017
Affordable Housing Supply
Percentage of total available rentals considered affordable for households 6% 17%
living below the poverty level,2015
Housing Cost Burden 88.1% 73.9%
Percentage of renter households living below poverty level paying more than
30 percent of income on rent and utilities,2012-2016 (84.1%-92.2%) (72.9%-74.80%)
Data source information is available at http://montanabudget.org/housing Rent that a low-income family can Two-Bedroom
afford afford without spending more Fair Market Rent,2017
than 30%of their income.
Source:Out of Reach.National Low Income Housing Coalition.2017.
Median
Household Median Age
Income 33.2
$57,021 minimum wage worker in
Gallatin County needs to work
80 hours per week to afford
Average
Household Size (517.6%/48.4%
der a two-bedroom home at fair market rent.
2.43
GALLATIN COUNTY POPULATION:97,958
MONTANA BUDGET&POLICY CENTER MONTANABUDGET.ORG 101 NORTH LAST CHANCE GULCH I HELENA,MT 59601 SUITE 220