As of 2010, 36% of home owners and 48% of renters in Boston spent more than 30% of gross income on housing costs. The housing cost burden is greatest for those with the lowest household incomes: 95% of owners and 74% of renters with incomes less than $20,000 spent more than one-third of income on housing. By comparison, among Boston households earning more than $75,000 16% of owners and 8% of renters were cost-burdened by housing.
Cost burden varies by neighborhood with the greatest concentration of rental cost burdened households in the Fenway/Kenmore area and parts of Roxbury, Jamaica Plain, Dorchester and Hyde Park where more than 70% of renters were cost burdened in 2010. Because Boston has a substantial inventory of affordable and subsidized housing, there are low rates of cost-burdened households in areas with the lowest household incomes.