Out of Reach reports on the Housing Wage – the hourly wage a full-time worker must earn to afford a modest rental home without spending more than 30% of his or her income on housing costs – for every state, county, and metropolitan area in the country. The average hourly wage of renters in the U.S. is $16.38, $4.83 lower than the two-bedroom Housing Wage and nearly $1 lower than for the one-bedroom Housing Wage.
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Out Of Reach: National Low Income Housing Coalition nlihc.org Housing is Out of Reach Millions of Americans struggle to find affordable rents. In order to afford a modest, two-bedroom apartment in the U.S., renters need to earn … |
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