housing costs
Price of dwelling
Housing costs are the expenses associated with having a place to live—rent or mortgage payments, property taxes, insurance, utilities, and maintenance.
The term appears frequently in economic discussions about affordability: Housing costs have outpaced wage growth for decades.
A common benchmark holds that housing costs should not exceed thirty percent of household income.
- down paymentInitial sum toward purchase
- lease agreementContract for temporary occupancy
- housing demandDesire for residential units
- mortgageSecured home loan
- security depositRefundable tenant payment upfront
closing costs · property tax · utility bills · roof over head · housing supply · priced out · paycheck to paycheck · affordability · gentrification · debt · housing crisis · application fee · move-in costs · homeowners insurance · first-time buyer · expenses · home equity loan · appraisal fees
- naval budgetsappropriations, allocations, defense spending, defense budget, fiscal year
- expensesexpenses, expense, expenditure, costs, rent
- housingapartments, home, houses, homes, apartment
- living costsprice index, consumer price index, rent prices, utility bills, food prices
- neighborhood factorswalkability, public transit, crime rate, school district, commute
- movingmoving, moving truck, move out, move in, movers
housing costsdiscretionary spending
Non-obligatory personal expenditures
disposable income · savings · utilities · transportation costs · healthcare costs
housing costshousing subsidies
Financial aid for shelter
rent assistance · housing vouchers · mortgage relief · housing allowance · Section 8
housing costsaffordable housing
Shelter scaled to earnings
subsidized housing · housing affordability · cheap rent · low-cost housing · housing assistance