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100% 90% 6 80% m 70% 0 60% = 50% 0 40% y 30% 2 20% n� 10% 0% Notes Figure A-45: Cost Burden by Tenure Owner Occupied Renter Occupied ■ 0%-30% of Income Used for Housing j30%-50% of Income Used for Housing ■ 50%+ of Income Used for Housing Not Computed Universe: Occupied housing units Cost burden is the ratio of housing costs to household income. For renters, housing cost is gross rent (contract rent plus utilities). For owners, housing cost is "select monthly owner costs", which includes mortgage payment, utilities, association fees, insurance, and real estate taxes. HUD defines cost -burdened households as those whose monthly housing costs exceed 30% of monthly income, while severely cost -burdened households are those whose monthly housing costs exceed 50% of monthly income. Source: ABAG 2021 Pre -certified Housing Needs Data (U.S. Census Bureau, American Community Survey 5 -Year Data (2015-2019), Table B25070, B25091) In Pleasanton, 13.0 percent of households spend 50 percent or more of their income on housing, while 16.9 percent spend 30 to 50 percent. However, these rates vary greatly across income categories (see Figure A-46). As expected, lower-income households are more likely to be housing cost -burdened than higher -income households. For example, 79.8 percent of Pleasanton households making less than 30 percent of AMI spend most of their income on housing. In total, 4,034 lower-income households are cost burdened. Over half of moderate -income households are cost burdened. For Pleasanton residents making more than 100 percent of AMI, just 2.2 percent are severely cost -burdened, and 84.1 percent of those making more than 100 percent of AMI spend less than 30 percent of their income on housing. Housing Needs Assessment City of Pleasanton I A-53