Affordable Housing, Community Development, Housing Policy Briefs, Reports and Publications, State News

2017 Out of Reach Just Released

National Low Income Housing Coalition
 

The National Low Income Housing Coalition (NLIHC) has released their annual Out of Reach report that explores the affordability of apartments across America. The results reveal the stark reality that the rental market in Connecticut, and across the country, remains too expensive for many Americans.

The average American needs to earn $21.21 per hour, working 40 hours a week, to afford a two-bedroom rental home. This hourly wage, known as the “housing wage” (which has increased from the 2016 housing wage of $20.30), is nearly three times higher than the federal minimum wage, which is only $7.25 per hour (unchanged from 2016).

In addition to being the state with the 8th highest housing wage, the Stamford –Norwalk metropolitan area has the 5th highest housing wage of metropolitan areas in the country, at $37.65 per hour.

NLIHC’s Out of Reach 2017 is available here. Users are able to use this interactive website to view graphics, infographics, maps, and side-by-side comparisons of data across jurisdictions. 

 

 
 

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