NLIHC will release, Out of Reach: The High Cost of Housing, on Thursday, July 28. Every year, the annual report highlights the mismatch between the wages people earn and the price of decent rental housing in every state, metropolitan area, and county in the U.S. The report also calculates the “Housing Wage” a full-time worker must earn to afford a rental home without spending more than 30% of their income on housing costs. This year’s report will show that low-wage workers are facing severe challenges affording housing amid record-breaking rent increases and the termination of temporary housing policy measures implemented amid COVID-19, including emergency rental assistance and eviction moratoriums.
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