Now Available! Out of Reach 2016: No Refuge for Low Income Renters

NLIHC_Header.jpg

Out of Reach 2016: No Refuge for Low Income Renters

Now Available!

Out of Reach 2016: No Refuge for Low Income Renters

Out of Reach is an annual publication of the National Low Income Housing Coalition (NLIHC) that analyzes the mismatch between the wages people earn and the price of decent housing throughout the United States. Policymakers, researchers, housing advocates and members of the media extensively cite Out of Reach data to talk about housing poverty, the minimum wage and households’ ability to afford a two-bedroom apartment.

Out of Reach calculates the housing wage – the hourly wage someone working full-time, 40 hours a week, would need to earn in order to afford a modest apartment without spending more than 30% of household income on rent and utilities – for every state, metropolitan area and county in the country.

Wages Needed to Afford Rent Across the U.S.

Key Findings:

  • In no state, metropolitan area or county in the United States can a full-time worker earning the prevailing minimum wage afford a modest two-bedroom apartment.
  • In order to afford a modest two-bedroom apartment at fair market rent, a full-time worker in America today must earn $20.30 per hour—a figure that is almost $5 more than the average hourly wage of renters in the U.S. A full-time worker needs to earn $16.35 per hour to afford a modest one-bedroom apartment.

Key Resources:

  • Two-Bedroom Rental Unit Housing Wage
  • Most Expensive Jurisdictions
  • States Ranked by Two-Bedroom Housing Wage
  • Hours at Minimum Wage Needed to Afford Rent
  • States Facts

The full report is available at http://nlihc.org/oor.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s