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St. Anthony 2040 Comprehensive Plan Chapter 5: Housing 52 Existing Cost-Burdened Households While the price of housing units relative to area median income is one measure of housing affordability in a community, another way to examine the impact of housing costs is by looking at cost-burdened households. Households are “cost-burdened” if their housing costs are at or over 30 percent of their income. This is an indicator of households that are spending a disproportionate share of their income on housing. The implications of a housing cost burden are most severe for households in the lowest income tier. FIGURE 5.5 illustrates the share of low-to-moderate income households that are cost-burdened in St. Anthony, by AMI income level. At least one- quarter of St. Anthony’s total households are cost-burdened, and almost 50 percent of those cost-burdened households have incomes in the lowest AMI tier. FIGURE 5-5: COST-BURDENED HOUSEHOLDS Source: Metropolitan Council Existing Housing Assessment 2017 AMI level Households Percentage Income at or below 30% AMI 501 12% Income 31-50% AMI 336 8% Income 51-80% AMI 221 5% The rate of cost burdened households in St. Anthony mirrors the cost- burdened households rate in the Twin Cities region overall, at about one in four households experiencing this phenomenon. In comparison to neighboring and comparable inner-ring suburb cities, St. Anthony’s cost- burdened share is very similar to surrounding communities. FIGURE 5-6: COST-BURDENED HOUSEHOLDS COMPARISON City Cost-burdened households at <30% AMI at 31-50% AMI at 51-80% AMI Total percent cost- burdened St. Anthony 12% 8% 5% 25% Roseville 12% 8% 7% 27% New Brighton 14% 8% 4% 26% Columbia Heights 14% 9% 5% 29% Robbinsdale 14% 7% 7% 28% Source: Met Council Existing Housing Assessment 2017