By Colorado Newsline
Over one-third of Colorado households spend more than 30% of their income on housing, with a heavier strain on the state’s renters, according to a statewide housing needs assessment released Monday.
Nearly 34% of households were cost-burdened under that definition as of July 1 this year, including 49% of renters and 25% of homeowners. The lower the income level, the higher the share of cost-burdened households. Colorado tends to have a higher share of cost-burdened households than other states, according to separate research from Harvard.
The State Demography Office released its first statewide housing assessment as part of a requirement under 2024 legislation to analyze current housing stock and estimate statewide needs for the next 10 years.
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