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18 million Americans are house poor, a new study shows. That’s a million less than last year.
More than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy.
That’s the major takeaway from a LendingTree study released this week, which found that about 18.3 million homeowners are what the housing industry calls cost-burdened, or house poor. The term “house poor” refers to homeowners who pay more than 30% of their monthly income on housing — including the mortgage, utilities and other costs. Anyone who spends more than half of their monthly income on housing is considered severely housing cost-burdened.
High cost-of-living states California, Hawaii and New York have the largest share of house poor residents, while West Virginia, Indiana and Arkansas have the fewest, LendingTree said.
To be sure, homeowners who spend more than 30% of their income on housing aren’t necessarily struggling to make ends meet, said Jacob Channel, LendingTree senior economist.
“On the contrary, there are certainly instances where a person can spend more than 30% of their income on housing and live a very comfortable lifestyle,” Channel said in a statement. “Nonetheless, people should do their best to keep housing costs in check.”
But for many Americans, that’s easier said than done, particularly in an economy where inflation is still high, home prices have reached record highs and mortgage rates are hovering around 7%. The median U.S. home price hit an all-time high this month of $394,000, up 4.4% from a year ago, according to Redfin.
LendingTree based its study on 2022 U.S. Census data on how much owner-occupied households spent on housing. The study suggests that the number of house-poor homeowners is falling. About 19 million homeowners were house poor or worse in 2023, according to a Harvard University estimate.
Here is a breakdown of the states with the highest concentration of cost-burdened homes, according to LendingTree.
California
- 2.2 million house poor
- 1 million severely housing cost-burdened
Hawaii
- 88,000 house poor
- 39,000 severely housing cost-burdened
New York
- 1.1 million house poor
- 550,000 severely housing cost-burdened
Here’s a breakdown of the states with the lowest concentration of cost-burdened homes, according to LendingTree.
West Virginia
- 73,000 house poor
- 36,000 severely housing cost-burdened
Indiana
- 314,000 house poor
- 132,000 severely housing cost-burdened
Arkansas
- 132,000 house poor
- 60,000 severely housing cost-burdened
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How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
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How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
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The Detroit Lions will face off against the Indianapolis Colts today. The Lions enter this game as top contenders with a near-perfect record of 9-1 so far this season. The Colts, who are 5-6 this season, could have a tough game on their hands against the Lions but will be looking to rack up another win after prevailing over the New York Jets in a tight game last Sunday.
Here’s how and when you can watch the Colts vs. Lions game today, whether or not you have cable.
Here’s how and when to watch the Detroit Lions vs. Indianapolis Colts
The Lions vs. Colts game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Detroit Lions vs. Indianapolis Colts game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Experience NFL action like never before with Fubo’s comprehensive sports streaming platform. From Sunday showdowns to primetime matchups, catch every NFL game across major networks including CBS, Fox, NBC, ABC, ESPN and NFL Network. Choose the Pro package to unlock 200+ channels and limitless DVR storage, or elevate your game-day experience with the Elite with Sports Plus package, featuring NFL RedZone’s commercial-free scoring highlights and stunning 4K quality.
Test drive the service with a no-commitment seven-day free trial, and share the excitement with family and friends — Fubo supports simultaneous streaming on up to 10 devices, so everyone can watch their favorite teams.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games, and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.