Changes in the economy, household formation, inflation, and wage stagnation leave many in Connecticut struggling to afford housing. Many jobs pay less than what is needed to afford a typical 2-BR apartment (known as the housing wage) at $35.42/hour. One third of all Connecticut households rent, and average hourly wage of a Connecticut renter, $22.69, falls below the wage even needed to afford a typical 1-BR apartment at $28.68/hour. To spend no more of 30% of their income on housing, a full-time worker at Connecticut’s minimum wage would only be able to afford an apartment priced at $944/month or work 70 hours per week to afford a 1-BR at the Fair Market Rent of $1,491.
Proposed Federal Policy Changes Could Impact Housing in Connecticut
By: Avery Holzworth, Policy and Advocacy Intern On October 13th, the Partnership submitted public comment on proposed federal changes to