The Housing Wage -- Out Of Reach

The National Low-Income Housing Coalition has released a report capturing the gap between wages and rents across the country, and is the estimate of the full-time hourly wage that a household must earn to afford a decent apartment at the Housing and Urban Development (HUD) estimated Fair Market Rent, while spending no more than 30% of income on housing costs. This report underscores the challenges facing the lowest income renters: increasing rents, stagnating wages, and a shortage of affordable housing, while providing solutions that will benefit the lowest income renters.