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2018 Out of Reach Just Released!

National Low Income Housing Coalition (NLIHC)
 

The National Low Income Housing Coalition (NLIHC) has released their annual Out of Reach report for 2018. The report explores the affordability of apartments across America. The results reveal the large gaps between rental housing costs and wages in Connecticut, and across the country.

Connecticut has the 9th highest housing wage in the country, at $24.90. Connecticut’s housing wage is over double the state’s minimum wage of $10.10. In addition to being the state with the 9th highest housing wage, the Stamford –Norwalk metropolitan area has the 5th highest housing wage of metropolitan areas in the country, at $38.19 per hour.

The average American needs to earn $22.10 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 2017 housing wage of $21.21), is over three times higher than the federal minimum wage, which is only $7.25 per hour (unchanged since 2010).

NLIHC’s Out of Reach 2018 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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