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 $21.21 per hour. The Housing Wage for a two-bedroom apartment is $13.96 higher than the federal minimum wage of $7.25, and $4.83 higher than the average hourly wage of $16.38 earned by renters nationwide.

In no state can a person working full-time at the federal minimum wage afford a two-bedroom apartment at the Fair Market Rent.

Read the latest research on the high cost of housing published by the National Low Income Housing Coalition.
Out of Reach 2017 Report

By | 2017-06-14T09:30:58+00:00 June 14th, 2017|Reports, Reports Featured|0 Comments

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Housing Catalyst