Hello,
I would like to recreate this chart from Harvard University.
The closest I could find was the B25106 Tenure by Housing Costs as a Percentage of Household Income in the Past 12 Months (here is the link). However, I only get the Modeleraty Cost Burdened Ratio (30% or more). I don't know how to devise the "Severely Cost Burdened".
I looked in the ACS 5YR CHAS Estimate Data (here) and I can have the severely cost burdened ration but it is only for the 2016-20 period, not for one single year and not for the 2022 year.
I would appreciate if anybody has any experience with this and could help,
Sincerely,
Julien
Since the geography only goes down to the state level you can use PUMS data.
Dave Dorer
Julien,
I agree with David's comment. To get the 'Severely Burden' category for your analysis, you'll need to use the Public Use Microdata Sample (PUMS), 1-Year Estimate.
There are two main approaches:
Option 1: Straightforward Method
Note: This method doesn't account for inflation adjustment in GRPIP and might exclude utilities.
Option 2: More Detailed Method (Likely how they did it in the reference Chart)
Important Note: I'm not sure how they did it, but technically, utilities should also be adjusted for inflation too.
Hope this helps!