Monday - 30 April 2012
Housing cost overburdens 11% of the population
In 2011, 11.3% of the Icelandic population lived in a household with housing cost which was over 40% of their disposable income. The housing cost overburden rate was highest for those who live alone, for young people, for people in the lowest income quintile or tenants who pay market rent.
Housing cost was just over 18% of disposable income in Iceland in 2011. Tenants used higher proportion of their income in housing than owners.
In 2010, 18 European nations had lower housing cost overburden rate than Iceland. The rate was highest in Denmark and lowest in Cyprus. People in 20 European nations spent lower proportion of their income in housing cost than in Iceland. Danes use highest proportion of their income on their dwellings and Maltese the lowest.
Statistics Iceland has published an issue in the Statistical Series about disposable income and housing cost in 2011. More details on the results can be found in the Statistical Series.
Disposable income and housing cost 2011 – Statistical Series