I’m trying to figure out if I can determine the number of rent burdened households within a geography (e.g., a state) using the SDA online program. In the housing world the levels of rent burden are a household paying 31-50% of income for rent (“rent burdened”), and 51% or more for rent (“severe rent burdened”). In the approach I need to get monthly rent divided by monthly income.
Would it work like this?:
First I create a new variable (called “rentburden”) which is calculated as follows –
rentburden = rentgrs/(ftotinc/12)
Then to get the rent burden categories, my row variable would be:
rentburden(r: 0.3; .31-.5; .51-*)
Is this how it would be done?