Census: Renters’ Incomes Still Lagging Behind Housing Costs

Census: Renters’ Incomes Still Lagging Behind Housing Costs

In 2000 Dennis had 1,799 occupied year-round rental units. Median Gross Rent was $695. Of the 1,799 rental units, 39.3% spent more than 30% of their income towards rents.

In 2016 we had 1,479 occupied year-round rental units. Median Gross Rent was $982. And, of the 1,479 rental units, 71.5% were paying more than 30% of their income towards rent.

While not exactly the same data as in the study, this illustrates that we, too, have seen conditions for renters deteriorate since 2000.

U.S. Recovery Eludes Many Living Below Poverty Level, Census Suggests

U.S. Recovery Eludes Many Living Below Poverty Level, Census Suggests

Dennis 2016 Poverty Rate stood at 10.1%, this is well above the Barnstable County rate of 7.6%. In 2010 Dennis Poverty Rate stood at 11.9%, as opposed to 10.9% for the county. As the article states, Dennis has not fared as well as elsewhere in the county relative to the economicrecovery.

Retail Realities Rebuilding economic resiliency as brick and mortar goes to pieces.

The Economic Development Committee is working on new ideas for empty retail space. We have been working on shared work spaces, but perhaps need to be sure we have many options for these areas.

https://planning.org/planning/2018/jul/retailrealities/#.W5lLsvvP-J4.twitter