The City is relatively affordable to middle- and upper-income households, but low-income households are more likely to be cost burdened than not. This cost burden is most prevalent in renters earning less than 50% Area… more
Nearly 70% of Henrico’s low-income households are cost burdened today (below 80% of Area Median Income). These households will grow more than any other income group between now and 2040.
Of all the cost-burdened households in Hanover, one in two earns more than $35,000, and one in seven earns more than $75,000.
Most of the region’s job growth in the next decade will be occupations whose wages require monthly housing costs of $1,000 or less. Chesterfield will need to find homes for roughly 575 new low-income (below… more
