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34 Town of Aurora Monthly Renter Costs Fig. 14: Monthly Renter Costs Since 2000, when adjusting for inflation (IA), the median gross rent in The Town of Aurora has increased by 0.65%. Comparatively, in that same time, the median gross rent in Erie County has increased by 16.7%; across NYS the gross rent has increased by 31.05%. As of 2023, the median gross rent (IA) in the Town of Aurora is $1,087 while across NYS the median gross rent (IA) is $1,646, a difference of $559. Owner & Renter Cost Burdens While housing affordability in Aurora has generally improved over time, a significant number of residents, particularly renters, still experience housing cost burdens. The HUD Area Median Family Income (HAMFI) is the median family income calculated Fig. 15: Town of Aurora Housing Cost Burdens by the U.S. Department of Housing and Urban Development (HUD) for a given jurisdiction. These values are used by HUD to determine fair market rent rates and income limits for HUD funded programs. The Town of Aurora is a part of the Buffalo- Cheektowaga Metropolitan Statistical Area (MSA), for which HUD calculates the median family income to be $96,900, $18,120 less than the median family income in The Town of Aurora ($115,020) Also maintained by HUD, the Comprehensive Housing Affordability Strategy dataset (CHAS), provides information on household income, housing affordability, and housing cost burdens. CHAS data is expressed as a percentage of HAMFI spent on housing costs. For renters, housing costs include the cost of rent and utilities. For homeowners, housing costs include the cost of mortgage payments, utilities, association fees, insurance, and real estate taxes. Households spending less than 30% of their total income on housing are considered to have “affordable” housing costs. Households spending 30% to 50% of their income on housing are “cost- burdened,” and households spending more than 50% are considered “severely cost burdened”. As of 2021, 30.7% of renters and 11.7% of homeowners in Aurora are living in housing that is unaffordable.