Indicator Gauge Icon Legend

Red is bad, green is good, blue is not statistically different/neutral.

Compared to Distribution

an indicator guage with the arrow in the green the value is in the best half of communities.

an indicator guage with the arrow in the yellow the value is in the 2nd worst quarter of communities.

an indicator guage with the arrow in the red the value is in the worst quarter of communities.

Compared to Target

green circle with white tick inside it meets target; red circle with white cross inside it does not meet target.

Compared to a Single Value

green diamond with downward arrow inside it lower than the comparison value; red diamond with downward arrow inside it higher than the comparison value; blue diamond with downward arrow inside it not statistically different from comparison value.

Trend

green square outline with upward trending arrow inside it green square outline with downward trending arrow inside it non-significant change over time; green square with upward trending arrow inside it green square with downward trending arrow inside it significant change over time; blue square with equals sign no change over time.

Compared to Prior Value

green triangle with upward trending arrow inside it higher than the previous measurement period; green triangle with downward trending arrow inside it lower than the previous measurement period; blue equals sign no statistically different change  from previous measurement period.

green chart bars Significantly better than the overall value

red chart bars Significantly worse than the overall value

light blue chart bars No significant difference with the overall value

gray chart bars No data on significance available

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Older Adult Homeowners Spending 30% or More of Household Income on Housing Costs

County: Washoe
Measurement Period: 2018-2022
Filter: none (all Counties)
This indicator shows the percentage of homeowners age 65 years and older who are spending 30% or more of their household income on housing costs in the past 12 months. Mortgaged monthly owner costs are comprised of mortgage, second mortgage, home equity loan or line of credit, utilities (electricity, gas, other fuels, water), real estate taxes, property insurance, and any mobile home costs or condominium fees that may be applicable.

Why is this important?

Spending a high percentage of household income on housing can create financial hardship, especially for lower-income and older adult homeowners who are retired from the workforce. With a limited income, high monthly housing costs may not leave enough money for other expenses, such as food, transportation and medical. Moreover, high housing costs reduce the proportion of income a household can allocate to savings each month.
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County: Washoe

24.9%
Source: American Community Survey 5-Year
Measurement period: 2018-2022
Maintained by: Conduent Healthy Communities Institute
Last update: February 2024
Filter(s) for this location: State: Nevada
Compared to See the Legend
Compared to U.S. Counties, Washoe has a value of 24.9% which is in the 2nd worst quartile of counties. Counties in the best 50% have a value lower than 21.9% while counties in the worst 25% have a value higher than 25.5%.
U.S. Counties
Compared to the NV Value (27.5%), Washoe has a value of 24.9% which is lower and better.
NV Value
(27.5%)
Compared to the US Value (25.5%), Washoe has a value of 24.9% which is lower and better.
US Value
(25.5%)
Over time, the Washoe value is decreasing, significantly.
Trend
Technical note: The U.S. Census Bureau calculates 90% confidence intervals for American Community Survey estimates. Use caution when interpreting values with wide confidence intervals. Confidence intervals that are farther away from estimates in either direction indicate uncertainty due to small survey sample sizes. The U.S. Census Bureau does not recommend comparing overlapping 5-year periods since much of the data in each estimate are the same. Use caution when comparing estimates for census tracts over time as these geographies are redefined with each decennial census according to population changes.
More details:
Data for this indicator can be found in table S0103 on data.census.gov.
 
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Data Source

Filed under: Health / Older Adults, Economy / Housing & Homes, Social Determinants of Health, Older Adults

Related Content for: Older Adult Homeowners Spending 30% or More of Household Income on Housing Costs