Housing cost burden
Among households earning under $50,000 in Grimes, an estimated 356 households are paying more than they can afford for a home they rent, and 241 households are paying more than they can afford for a home they own.
Cost burden refers to a household paying more than 30% of income on housing.
Severe cost burden refers to a household paying more than 50% of income on housing.
Housing cost burdens can break apart family budgets. High housing costs take up money otherwise needed for transportation, education, and other basic necessities.
Wages needed to afford housing
The National Low Income Housing Coalition releases an annual estimate of the hourly wage a person would need to earn to afford a typical two bedroom apartment. Here's local data:
Wages paid by essential jobs
The National Housing Conference's Paycheck to Paycheck report highlights the wages commonly paid by important occupations in our region:
Home health/personal care aide
Number of households in poverty
That's 7% of the population.
Number of households earning under $50k/year
Median household income
Number of housing units
Percentage that are occupied
Median value, owner occupied home
Percentage of all housing units that are...
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About the data
You are viewing Community Profiles v 2.0 last updated in November, 2022.
Community data is drawn from the 2016-2020 American Community Survey with analysis by the Polk County Housing Trust Fund. Job map data is from the US Census Bureau, Center for Economic Studies, LEHD via On the Map. Other data sources are noted where shown.