News

DiNapoli: Housing cost pinch worsening

DiNapoli: Housing cost pinch worsening

Photo: WHCU

State Comptroller Thomas DiNapoli says housing costs are becoming unaffordable for millions of New Yorkers amid declining incomes and increasing costs for rent and home ownership.

DiNapoli says Monday that analysis of census data shows median statewide monthly housing costs increased by 18.6 percent for renters and 9.9 percent for homeowners from 2000 to 2012.

During the same time, homeowners’ median household income decreased 1.6 percent and renters’ median household income dropped 7.1 percent.

Affordable housing is defined by the federal government as being below 30 percent of household income.

DiNapoli says more than 3 million households statewide paid at least 30 percent of their 2012 income for a place to live.

Although incomes and housing costs are generally higher in the New York City area, DiNapoli says housing affordability is a statewide issue.

Copyright 2014 The Associated Press. All rights reserved.

Recent Headlines

18 hours ago in Sports

The week’s best sports shots

Denver Broncos’ Peyton Manning holds up the trophy after the NFL Super Bowl 50 football game Sunday, Feb. 7, 2016, in Santa Clara, Calif. The Broncos won 24-10. (AP Photo/Matt York)

A look back at some of the best plays and biggest moments in sports this week.

18 hours ago in Sports

The weekend sports schedule

kobebryantallstar

Here's a look at this weekend's sports schedule.

18 hours ago in Local

UPDATE: Missing Newfield woman’s car thought to be in Oklahoma

State Police

54-year-old Carolynn Weeks went missing earlier this week; she was last seen in Ithaca area.

19 hours ago in National

Making headlines this week

A couple is seen through an American flag as they walk to a polling place for the New Hampshire primary, Tuesday, Feb. 9, 2016, in Nashua, N.H. (AP Photo/David Goldman)

A look back at some of the week's biggest headlines and the stories you may have missed.

20 hours ago in Local

Firefighters extinguish house fire in City of Ithaca

washington fire

The fire happened in the home along Washington Street in Ithaca around noon; no one was home at the time.