The Department of Housing and Urban Development considers individuals who spend more than 30% of their gross monthly income on housing to be 'housing-burdened' and recommends that individuals keep housing costs below 30% of their income to ensure 70% of income remains available for other expenses.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (3)

• housing concept
• gross monthly income concept
• Department of Housing and Urban Development entity