At the county level, residents of Putnam County are more likely to feel the financial pressure from their monthly housing expenses than residents in the other six Mid-Hudson Valley counties. 60% of Putnam County residents say paying the rent or mortgage strains their family budget including 27% who report a great deal of stress on their household finances. About half of all residents in the other six Mid-Hudson Valley counties report feeling financial pressure from their monthly housing costs.
The financial stress for
Mid-Hudson Valley residents over the cost of utilities is felt throughout the
region.About two-thirds of residents in
each county, except for Putnam, are financially strained by monthly utility
costs.Residents of Columbia and
Sullivan Counties are most likely to report utility costs stress their family
budget.Nearly seven in ten residents in
both counties report they feel financially strained by the cost of heat
and electricity.Although a majority of
residents in Putnam County are financially stressed by the cost of utilities,
they are least likely among the seven counties in the region to be concerned.
