Growth of the Two-Bedroom Housing Wage,* Percent Change 2000-2011, Top 5 metro areas
Metropolitan Area Percent Change, 2000-2011
Honolulu MSA, HI 95.4%
Los Angeles-Long Beach HMFA, CA 82.4%
New Orleans-Metairie-Kenner MSA, LA 82.4%
Riverside-San Bernardino-Ontario, MSA, CA 81.0%
Midland MSA, TX 81.0%
*The Housing Wage is the amount of income a family would have to earn per hour, working 40 hours a week 52 weeks a year, to afford HUD’s local Fair Market Rent at 30% of income. Today’s FMR definitions are used to make the comparison of the two years.
Source: Bravve, E; DeCrappeo, M; Pelletiere, D. and Crowley, S. (2011, May 2) Out of Reach 2011. Retrieved May 5, 2011.