THE STRUGGLE TO AFFORD HOUSING
CONNECTICUT’S HOUSING WAGE 2023
Changes in the economy, household formation, inflation, and wage stagnation leave many in Connecticut struggling to afford housing. Many jobs pay less than the state’s median household income of $122,897 annually and have an hourly wage that is less than what is needed to afford a typical 2-BR apartment (known as the housing wage) at $31.93/hour. One-third of all Connecticut households rent, and the average hourly wage of a Connecticut renter, $22.29, falls below the wage even needed to afford a typical 1-BR apartment at
$25.90/hour.
