Housing & Financial Distress
What does this measure?
A household is assumed to be in financial distress if housing costs are greater than or equal to 30% of annual income.
Summary Statement
All Hudson Valley counties saw a drop in housing and financial distress between 2010 and 2023. Sullivan and Putnam Counties saw the largest drop while Rockland County saw the smallest. Orange County, at a 12% drop, stands in the middle of the region.
Sources
https://fred.stlouisfed.org