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Figure A-43: Median Contract Rent $2,400 T-- $2,200 -------- $2,000 $1,800 ---------------------------------- - 0 $1,600 '------------------ ----------- -- ------------------ $1,200 ----- ---- $1,000 —- - 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -no—Pleasanton -son-Alameda County ®o—Bay Area Notes: Universe: Renter -occupied housing units paying cash rent For unincorporated areas, median is calculated using distribution in B25056. Source: ABAG 2021 Pre -certified Housing Needs Data (U.S. Census Bureau, American Community Survey 5 -Year Data releases, starting with 2005-2009 through 2015-2019, 825058, B25056 (for unincorporated areas). County and regional counts are weighted averages of jurisdiction median using 825003 rental unit counts from the relevant year) A.5.3 Overpayment A standard measure of housing affordability can be determined by comparing the cost of market rate housing to the price residents can afford to pay for housing based on their income levels. A household is considered "cost -burdened" if it spends more than 30 percent of its monthly income on housing costs, while those who spend more than 50 percent of their income on housing costs are considered "severely cost -burdened." Low-income residents are the most impacted by high housing costs and experience the highest rates of cost burden. When a household is overpaying for housing costs, the household has less disposable income for other necessities, including health care, food, and clothing. Spending such large portions of their income on housing puts low- income households at higher risk of displacement, eviction, or homelessness. In the event of unexpected circumstances, such as loss of employment and health problems, lower-income households with a burdensome housing cost are more likely to become homeless or be forced to double -up with other households. Pleasanton has a lower proportion of cost -burdened households compared to the county and the Bay Area. Of Pleasanton's households, approximately 16 percent are cost burdened, and 13 percent are severely cost burdened. In the county, the proportions increase to 20 percent and 17 percent, respectively. Housing Needs Assessment City of Pleasanton I A-51