Housing is Out of Reach

Millions of Americans struggle to find affordable rent.

In order to afford a modest, two-bedroom rental home in the U.S., renters need to earn a wage of $22.10 per hour. A renter earning the federal minimum wage would need to work 122 hours per week to afford a two-bedroom rental home at the Fair Market Rent and 99 hours per week to afford a one-bedroom. In no state can a person working full-time at the federal minimum wage afford a two-bedroom apartment at the Fair Market Rent. The Out of Reach Report shows the gap between renters’ wages and the cost of rental housing. Click here to see the report which shows how much you need to earn to afford an apartment in each state.

By |2019-06-12T10:03:24-06:00June 12th, 2019|Reports, Reports Featured|0 Comments

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Housing Catalyst