Dear colleagues:
Yesterday, the National Low Income Housing Coalition (NLIHC) released its annual
Out of Reach (OOR) report.OOR documents the gap between wages and the cost of rental housing across the United States. The Housing Wage is an estimate of the hourly wage a full-time worker must earn to afford a rental home at HUD’s fair market rent (FMR) without spending more than 30% of his or her income on housing costs. FMRs provide an estimate of what a family moving today can expect to pay for a modestly priced rental home in a given area.
According to the 2018 report:
- The 2018 national Housing Wage is $22.10 for a modest two-bedroom rental home and $17.90 for a modest one-bedroom rental home. State and metropolitan area housing wages vary widely. State- and zip code-level information is available on the
OOR webpage.
- A full-time worker earning the federal minimum wage of $7.25 needs to work approximately 122 hours per week for all 52 weeks of the year, or approximately three full-time jobs, to afford a two-bedroom rental home at the national average fair market rent. The same worker needs to work 99 hours per week for all 52 weeks of the year, or approximately two and a half full-time jobs, to afford a one-bedroom home at the national average fair market rent
- In no state, metropolitan area, or county can a worker earning the federal minimum wage or prevailing state minimum wage afford a two-bedroom rental home at fair market rent by working a standard 40-hour week. In only 22 counties out of more than 3,000 counties nationwide can a full-time minimumwage worker afford a one-bedroom rental home at fair market rent. These 22 counties are all located in states with a minimum wage higher than $7.25
For more information, including data from individual states and metropolitan areas, visit
http://nlihc.org/oor.
Best,
Christina Dukes, Federal Liaison
National Center for Homeless Education (NCHE) |