Not at all, according to the latest analysis from the Philly Fed.

The vast majority of lower-income households in Pennsylvania, New Jersey and Delaware spend more than the conventionally-advised one third of income on housing.

That’s the primary takeaway form the Federal Reserve’s Philadelphia office housing affordability analysis released Tuesday.

Fed researchers looked at U.S. Census housing cost and availability for low-income, very-low income and extremely low-income renters in 2012 in the Federal Reserve’s Third District and its component states (New Jersey, Delaware, Pennsylvania) and Metropolitan Statistical Areas (Dover, Trenton, Atlantic-City-Hammonton, York-Hanover, Harrisburg-Carlisle, State College, Lebanon, Reading, Allentown-Bethlehem-Easton, Erie, East Stroudsburg, Pittsburgh, Philadelphia-Camden-Wilmington and Lancaster), and the city of Philadelphia.

They consider spending more than 30 percent of income on housing to be a “cost burden”; more than half, a severe cost burden.

Low-income households are defined as having between 51 and 80 percent of the median household income in their region; very low-income, between 31 percent and half; extremely low-income, 30 percent or less.

housing for all

The other main findings:

1. Pennsylvania’s Metropolitan Statistical Areas ranked worst for all but two potential indicators of an unaffordable rental market. They ranked most favorably for all indicators – but even in these “best case” scenarios, the majority of renters often spent at least a third of their incomes on housing.

The Atlantic City-Hammonton area had the widest gap between actual and affordable monthly rents ($475) for very low-income households facing a cost burden (meaning rent is more than 30 percent of their income) and the highest percentage of cost-burdened low-income renters (66 percent). Both of those numbers likely are up since 2012, as the area’s casino-centric economy continues to degrade.

In Lancaster, 84 percent of very low-income households face cost burdens – the same as with New Jersey’s statewide figure and more than everywhere else.

Pennsylvania had the most distressing statistics in 17 other categories, including:

Median rent for cost-burdened low-income households are $560 more than what would be considered affordable in the Lehigh Valley (the Allentown-Bethlehem-Easton MSA).

More very low-income renters spend more than half their income on housing in Pittsburgh (66 percent) than anywhere else.

Fourteen percent of low-income renters face an extreme cost burden in East Stroudsburg – but that’s the highest rate of all.

2. Rental rates seemed most affordable for cost-burdened renters in the Lebanon region – but not for extremely low-income households.

Actual and affordable monthly rents for cost-burdened households were closer there than any other metropolitan statistical area, states or the Third District as a whole. But at $135 for low-income and $195 for very low-income households, that could be a family’s weekly grocery bill.

The Lebanon area had the lowest percentages of low (2 percent) and very low-income households (20) facing a housing cost burden.