Fact of the Week: States with the Largest Shortfall Between Two Bedroom Housing Wage and Renter Wage
Notes: The Two-Bedroom Housing Wage is the estimated full-time hourly wage a household would need to earn to afford a two-bedroom apartment at a HUD-estimated Fair Market Rent while spending no more than 30% of their income on housing costs. The Renter Wage is the estimated mean hourly wage among…
Source: Out of Reach 2016, National Low Income Housing Coalition.
Source: Immergluck, D., Carpenter, A. & Lueders, A. (2016.) Declines in Low-Cost Rented Housing Units in Eight Large Southeastern Cities. Atlanta, GA: Federal Reserve Bank of Atlanta. Available at http://bit.ly/1rWrIQD
Source: Austensten, M. et al. (2016). State of New York City’s Housing and Neighborhoods in 2015. New York, NY: NYU Furman Center. http://bit.ly/1TFCj8v