- DSNews - https://dsnews.com -

Survey Highlights Differences Between Rural and Urban Homeowners

Market Studies BHThe U.S. Census Bureau’s recently released the latest American Community Survey [1], which reported that Americans who live in rural areas are more likely to own their own homes and live in their state of birth.

“I know, as both Secretary of Commerce and from my own private sector experience, that data is idle inventory on the shelf that has the power to create economic opportunity and change lives,” says U.S. Secretary of Commerce Penny Pritzker. “The American Community Survey is the only survey that provides statistics that tell the story of every community’s current socio-economic state, from big cities to small towns. This information is vital to making decisions in business and government that enhance the lives of all of our citizens.”

The survey results showed that there were approximately 47 million adults 18 years and older living in rural areas. While most adults in both rural and urban areas owned their own homes, the survey found that the percentage was higher in rural areas with 81.1 percent compared to 59.8 percent. It was also found that adults in rural areas were more likely to live in single-family homes and live in their state of birth, according to the survey.

“Rural areas cover 97 percent of the nation’s land area but contain 19.3 percent of the population (about 60 million people),” says Census Bureau Director John H. Thompson. “By combining five years of survey responses, the American Community Survey provides unequaled insight into the state of every community, whether large or small, urban or rural.”

Further, the survey results indicated that adults in rural areas had lower rates of poverty but were less likely to have obtained a bachelor’s degree or higher. The Bureau additionally notes that rural communities had fewer adults born in other countries compared with those in urban areas.

To read the full American Community Survey, click HERE. [2]