$500 to $799 - A10038_004 - Monthly Housing Cost (Renter-Occupied Housing Units) - Social Explorer Tables: ACS 2016 (5-Year Estimates) (SE) - Survey ACS 2016 (5-Year Estimates)

Variables used in the formula:
ACS16_5yr:B25063012	Renter-Occupied Housing Units: with Cash Rent: $500 to $549
ACS16_5yr:B25063013	Renter-Occupied Housing Units: with Cash Rent: $550 to $599
ACS16_5yr:B25063014	Renter-Occupied Housing Units: with Cash Rent: $600 to $649
ACS16_5yr:B25063015	Renter-Occupied Housing Units: with Cash Rent: $650 to $699
ACS16_5yr:B25063016	Renter-Occupied Housing Units: with Cash Rent: $700 to $749
ACS16_5yr:B25063017	Renter-Occupied Housing Units: with Cash Rent: $750 to $799

Relevant Documentation:

Excerpt from:	Social Explorer; U.S. Census Bureau; 2016 ACS 1-year and 2012-2016 ACS 5-year Data Releases: Technical Documentation.
	2016 ACS 1-year and 2012-2016 ACS 5-year Data Releases: Technical Documentation -> Appendix A: Supplemental Documentation -> 2014 Subject Definitions -> Housing Variables -> Monthly Housing Costs

Monthly Housing Costs

The data for monthly housing costs are developed from a distribution of "Selected Monthly Owner Costs" for owner-occupied units and "Gross Rent" for renter-occupied units. The owner-occupied categories are further separated into those with a mortgage and those without a mortgage. See the sections on "Selected Monthly Owner Costs" and "Gross Rent" for more details on what characteristics are included in each measure and how these data are comparable to previous ACS and Census 2000 data.

Monthly housing costs provide information on the cost of monthly housing expenses for owners and renters. When the data is used in conjunction with income data, the information offers an excellent measure of housing affordability and excessive shelter costs. The data also serve to aid in the development of housing programs to meet the needs of people at different economic levels.

Median Monthly Housing Costs

This measure divides the monthly housing costs distribution into two equal parts: one-half of the cases falling below the median monthly housing costs and one-half above the median. Medians are shown separately for units "with a mortgage" and for units "not mortgaged." Median monthly housing costs are computed on the basis of a standard distribution. (See the "Standard Distributions" section under Appendix A.) Median monthly housing costs are rounded to the nearest whole dollar.