Housing wage by state. Bureau of Labor Statistics wage figures.

Housing wage by state 18 per hour to afford a modest, two-bedroom apartment at Fair Market Rent in Indiana. Aug 1, 2025 · The generally accepted "30% rule" suggests that a household should not spend more than 30% of its gross monthly income on housing costs, which include mortgage payments, property taxes, and Jul 18, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. Discover the important tax implications of corporate housing, including when housing stipends are taxable and how to manage employee housing expenses. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: In Colorado, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,913. 00/hr Each week you have to work 70 hours To afford a modest 1 bedroom rental home at Fair Market Rent In Nevada, a full-time worker must earn an hourly Housing Wage of $30. 4 Of the 20 most common occupations in the United States, 14 of them pay less than the one-bedroom housing wage. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $4,927 monthly or $59,120 annually. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $5,709 monthly or $68,507 annually. 87 to afford the average Fair Market Rent (FMR) for a two-bedroom rental home in the state ($1,605). 63 to afford the average modest, two-bedroom rental home in the U. Bureau of Labor Statistics wage figures. Sep 19, 2022 · #12. They call this the Housing Wage. Jun 21, 2019 · According to the report of the national low-income housing coalition, the nationwide housing wage in 2022 is $25. Mar 5, 2023 · I Ranked All 50 States Based On Minimum Wage And Cost Of Housing For Affordability, And You Won't Believe Who Came Out On Top The cost of living is absolutely wild everywhere, but some states are Working at minimum wage $8. For some households, increased housing costs means there is less to spend on everything else Jun 27, 2024 · A new report from the National Low Income Housing Coalition found that Washington has the fifth highest “housing wage” in the country. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jun 24, 2024 · Laura Feiveson, Deputy Assistant Secretary for MicroeconomicsArik Levinson, Deputy Assistant Secretary for Climate and Energy EconomicsSydney Schreiner Wertz, EconomistFor the past two decades, rents and house prices have been rising faster than incomes across most regions of the United States. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,902 monthly or $46,825 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Nov 17, 2025 · Buncombe and Mecklenburg counties similarly have relatively high housing cost burden rates for renters and low housing cost burden rates for owners. In Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,171. Section 3 (m) of the FLSA allows an employer to count the value of food, housing, or other facilities provided to employees towards wages under certain circumstances. 66A, 760 Jun 13, 2018 · It’s become nearly impossible for low-wage workers to afford a place to live. All Massachusetts housing authorities and non-profit agencies that administer state-funded housing programs must participate in the Wage Match program, which was first implemented in 2004. The living wage should not be confused with the minimum wage, which is the minimum that an employer, by law, can pay an employee for an hour of labor. Jun 20, 2024 · In nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home, a Harvard University report finds. Home Prices by State In the majority of states The report’s “Housing Wage” is an estimate of the hourly wage full-time workers must earn to afford a two-bedroom rental home at fair market rent – currently $2,079 a month for New Jersey’s rental market – without spending more than 30 percent of their incomes. An employer who wishes to claim the section 3 (m) credit for lodging must ensure that Working at minimum wage $7. Households spending more are considered “cost-burdened” -- and the extra expense means they cut spending on food, health care and retirement savings. Jul 17, 2025 · INDIANAPOLIS, IN – Full-time Hoosier workers need to earn $22. The report calculates the “Housing Wage” a full-time worker must earn to afford a rental home without spending more than 30% of their Federal stimulus and strong consumer demand boosted business revenues, prompting employers—especially in lower-wage industries—to raise pay and increase hours to attract and retain staff. Explore the living wage in your county, metro area, or state for 12 different family types below. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: In Kentucky, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,116. state, and the numbers are far out of reach for many. And home prices this year reached a new all-time high. OHIO In Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,082. Under what circumstances may an employer claim the Section 3 (m) credit for lodging? A. 25 falls far short of either wage. Aug 17, 2023 · For too long, low-income renters in America have struggled to afford housing. 25/hr Each week you have to work 125 hours To afford a modest 1 bedroom rental home at Fair Market Rent Sep 15, 2022 · The National Low Income Housing Coalition recently released its annual Out of Reach report. Published annually, the Out of Reach report highlights the gulf between the wages people earn and the price of modest rental housing in every state, county, and metropolitan area in the U. Jun 27, 2024 · This is Illinois’ 2024 Housing Wage according to Out of Reach, a report published jointly today by the National Low Income Housing Coalition (NLIHC) and Housing Action Illinois. What is a section 3 (m) credit? A. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jul 18, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. All housing wages cited reflect what a full $25. Jul 18, 2025 · INDIANAPOLIS — A new report says Hoosiers are struggling to pay housing expenses and ranks Indiana last among Midwest states when it comes to median rental housing income. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,617 monthly or $43,402 annually. Wages (2001-2023) 6 days ago · Alabama is one of the most affordable states in the U. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $4,824 monthly or $57,886 annually. Additional figures were drawn from the Economic Policy Institute and U. Q. A new law will limit Jul 14, 2021 · While the Housing Wage varies by state and metropolitan area, low-wage workers everywhere struggle to afford their housing. 38 in North Dakota to $47. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jun 15, 2023 · The highest state housing wage in the country is California, where a renter must earn $42. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $6,460 monthly or $77,522 annually. Working at minimum wage $15. 25 but have median monthly housing costs of $1,492. A year ago, the state’s “housing wage” was $25. The report compares rents and wages nationally and in every state, country, and city in the U. Working at minimum wage $14. Jul 24, 2025 · A full-time worker in North Carolina must earn a minimum of $27. This map CONNECTICUT re than 3 annually. 38 in California. A limited number of the LHAs responded Jul 17, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,721 monthly or $44,647 annually. 74 for a modest one-bedroom rental. For a modest two-bedroom apartment, the average housing wage ranges from $16. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: In Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,171. In Kansas, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,085. And this year’s findings show that not only are average wages not enough for housing available […] May 19, 2024 · Case in point: The 2023 national housing wage is $28. 62E, M. "Renters across Washington continue to face housing instability, as rents rise far faster than wages," said Michele Thomas, Director of Policy and Advocacy at the Housing Alliance. May 29, 2025 · Key Takeaways Montana has the worst housing affordability in the U. PENNSYLVANIA In Pennsylvania, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,447. , with low housing costs and minimal state taxes. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Working at minimum wage $16. CALIFORNIA #1* In California, the Fair Market Rent (FMR) for a two-bedroom apartment is $2,580. Still, Connecticut renters earn an average of $26,000 less than needed for rental Working at minimum wage $7. In contrast, a living wage is determined by the costs of covering basic needs in a particular area. Housing advocates and local officials say the complex is an example of how the state's Jul 20, 2020 · NLIHC released Out of Reach: The High Cost of Housing 2020 on July 14. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jul 18, 2025 · The Source: This article is based on the 2025 Out of Reach report published by the National Low Income Housing Coalition, which compiles state-by-state wage data using HUD Fair Market Rent estimates and U. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jul 17, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. 29 per hour, which is above the minimum wage but still below the housing wage. It shares the Boston Jul 11, 2024 · Explore which generation paid the most for housing in the US with insights into historical prices, wages, and affordability trends. The Davis-Bacon Act wage requirements apply to HUD programs by statutory provisions in the Davis-Bacon Act itself and in HUD Related Acts. Nov 12, 2024 · With steadily increasing home prices and stagnating wages among lower-wage workers, home ownership for many Americans has become increasingly unaffordable. Service Contract Act FLORIDA In Florida, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,938. , driven by an influx of new residents from coastal states and a shortage of affordable homes. 82 per hour for a modest two-bedroom rental home and $21. Out of Reach documents the gap between renters’ wages and the cost of rental housing. c. Jan 16, 2025 · In 2025, the lowest Housing Wage in the state is $17. and $28. 25 in California. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jun 14, 2023 · In addition to the national Housing Wage, Out of Reach provides Housing Wages for each state, metropolitan area, county, and combined non-metropolitan areas within a state. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jul 19, 2021 · NLIHC released Out of Reach: The High Cost of Housing 2021 on July 14. Solutions to the growing crisis for low income fami-lies in need of housing will have to account for the overwhelmingly rural character of these regions, the per-sistently low incomes of their residents, and the dificulties in developing af-fordable housing. HUD-determined wage rates are made applicable to Public, Indian, and Hawaiian housing activities by the U. The Housing wage is the hourly wage you need to earn a 1 or 2 bedroom apartment at Fair Market Rent. They call that the housing wage, or the hourly wage needed so only 30 percent of a person's income goes toward rent. Fortunately, the federal Wage Match must be conducted for state housing program tenants, including tenants in conventional housing, MRVP and AHVP. In Alabama, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,072. 25/hr Each week you have to work 137 hours To afford a modest 1 bedroom rental home at Fair Market Rent Download State Report The National Housing Preservation Database is an address-level inventory of federally assisted rental housing in the United States. Census Bureau, which differ slightly from U. In some states and cities, people have put off buying a home altogether. The National Low Income Housing Coalition's 2024 Out of Reach report highlights disparities between wages and rental housing costs. S. C. 25 an hour—these are child-care workers, nurse’s assistants, emergency medical technicians, and others—would need to work 122 hours a week for 52 weeks of the year or three full-time jobs to afford a modest two-bedroom rental home, and they would have to work Our free cost of living calculator allows you to compare the cost of living in your current city to another city you might be interested in moving to. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: ABOUT US The National Low Income Housing Coalition (NLIHC) is dedicated to achieving racially and socially equitable public policy that ensures people with the lowest incomes have quality homes that are accessible and affordable in communities of their choice. All housing wages cited reflect what a full Jul 18, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. “This proposal is a wage grab of construction workers’ wages disguised in an ‘affordable housing bill,’” the letter by council president Chris Hannan said The National Low Income Housing Coalition's 2024 Out of Reach report highlights disparities between wages and rental housing costs. Protect and Expand the National Housing Trust Fund The national Housing Trust Fund (HTF) is a federal housing resource exclusively targeted to help build, preserve, rehabilitate, and operate housing affordable to people with the lowest incomes. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $3,746 monthly or $44,951 annually. In addition to the national Housing Wage, Out of Reach provides Housing Wages for each state, metropolitan area, county, and combined non-metropolitan area within a state. 25 per hour for a modest one-bedroom rental home. Paul metro area, at $25. 75/hr Each week you have to work 70 hours To afford a modest 1 bedroom rental home at Fair Market Rent Aug 3, 2023 · On average, the report found Connecticut renters earn $22. The lowest state housing wage in the country is Arkansas, where a renter must earn $16. We then used the data to determine the percentage of household income that goes toward housing expenses. Aug 1, 2022 · NLIHC released its annual report, “Out of Reach 2022: The High Cost of Housing,” on July 28. The real estate and manufacturing industries provide high wages, and the cost of essentials like food and transportation remains below the national average. In Iowa, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,040. 25 per hour in California to afford a two-bedroom ABOUT US The National Low Income Housing Coalition (NLIHC) is dedicated to achieving racially and socially equitable public policy that ensures people with the lowest incomes have quality homes that are accessible and affordable in communities of their choice. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $4,823 monthly or $57,876 annually. 27 per hour to afford a modest two-bedroom rental home. 3 – Monthly rent affordable at average renter’s wage: $1,015 – Most expensive area in the state (per housing wage): Boston-Cambridge-Quincy HMFA – Least expensive area in the state (per housing wage): Coos County New Hampshire is the 12th least affordable state for renters. must work Jul 18, 2025 · The Source: This article is based on the 2025 Out of Reach report published by the National Low Income Housing Coalition, which compiles state-by-state wage data using HUD Fair Market Rent estimates and U. 2. Full Report Media Kit & Graphics Previous Year's Report Archive How Much Do You Need to Earn to Afford a Modest Apartment in Your State? Hourly wage required to afford a two-bedroom rental home by state. Census Bureau data from 2023 relating to the median cost of housing by state and the median household income in each state. May 28, 2016 · The NLIHC determined how much a person working full-time would need to make to comfortably afford fair market rent. Jun 14, 2023 · National Low Income Housing Coalition “Out of Reach” provides housing wages for each state, metropolitan area, county, and combined non-metropolitan area within a state. 67 for a modest one-bedroom rental home, according to the National Low Income Housing Coalition (NLIHC). This metric is often used to gauge housing affordability, accounting for variations in the cost of living. G. 66/hr Each week you have to work 83 hours To afford a modest 1 bedroom rental home at Fair Market Rent Jul 18, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. The data for Out of Reach – Indiana 2025 finds that working NORTH CAROLINA #30* In North Carolina, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,411. 21 per hour —a rate unattainable for many minimum-wage workers struggling with high rental costs. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $5,077 monthly or $60,930 annually. Zip code-level Housing Wages are based on HUD’s Small Area Fair Market Rents (FMRs) for Zip Code Tabulation Areas (ZCTAs) from the U. With the arrival of the pandemic, low-wage renters were hit with sudden job losses that posed unprecedented threats to their financial security and housing stability. Nov 5, 2025 · About the numbers A National Low Income Housing Coalition (NLIHC) report examined how much you would need to earn per hour to afford a two-bedroom home in each state. Construction workers on residential construction projects funded by the Seattle Office of Housing are entitled to the Washington State Prevailing Wage, as a minimum, according to their trade. – Today, the National Low Income Housing Coalition (NLIHC) released its annual report, Out of Reach 2025: The High Cost of Housing. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $5,106 monthly or $61,273 annually. 27 in Arkansas to $42. A limited number of the LHAs responded In Michigan, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,272. Iowa is the country’s most affordable state, with a median listing price Fifty local jurisdictions have minimum wages higher than the federal or state minimum wage, but these local minimum-wage ordinances all fall short of the local one-bedroom and two-bedroom Housing Wage (Appendix A). Nationally, the 2023 Housing Wage is $28. 11 for a modest two-bedroom rental (FMR of $1,670) and $26. Out of Reach documents the significant gap between renters’ wages and the cost of rental housing across the United States. 25 per hour to afford a modest two-bedroom rental home. 21 per hour. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $4,893 monthly or $58,711 annually. The report highlights the mismatch between the wages people earn and the price of decent rental housing in every state, metropolitan area, and county in the U. A 2022 analysis of similar data from Hearst Connecticut Media found comparable results. That report found Connecticut renters needed to make $60,000 per year to afford rent. Out of Reach 2020 shows that even before the onset of the COVID-19 public health and economic crisis Oct 25, 2023 · Explore the widening gap between housing prices and wage growth across the United States from 2018 to 2022. In many areas, including Chicago and the collar counties, as well as in the Kendall County metro area, the Housing Wage is now well above $30. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,465 monthly or $41,582 annually. This year’s report shows that despite rising wages, cooling inflation, and low unemployment, low-wage workers and other renters with Answers 1. L. Learn rankings and trends. A household must earn at least $4,370 monthly to afford a two-bedroom apartment, necessitating $25. 56 per hour — or earning an annual salary of $53,160 — to afford a modest two-bedroom apartment. through factors like median home prices and income levels. Nov 20, 2023 · Changes in the economy, household formation, inflation, and wage stagnation leave many in Connecticut struggling to afford housing. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Nov 9, 2025 · The US Bureau of Labor Statistics compiled the average hourly earnings by state—figures that directly influence housing markets nationwide. Jul 18, 2025 · A new report reveals the hourly wage a full-time worker must earn to afford a modest apartment in each U. 14 per hour to afford a modest, two-bedroom apartment, according to a recent report by the National Low Income Housing Coalition (NLIHC). 17 to afford a modest one-bedroom rental home. To afford this rent and utilities - without paying more than 30% of income on their home - a household must earn $64,203 annually. If you have questions about your specific 6 days ago · State Landmark Eugene Development Stalls Over a Wage Dispute With Statewide Impacts BOLI insists private developers must pay more because public dollars funded infrastructure. Rent vs. Lack of population density Jun 28, 2024 · NLIHC released on June 27 Out of Reach 2024: The High Cost of Housing. 91 PER HOUR STATE HOUSING WAGE $1,347 $1,183 $2,292 $923 $688 $377 $290 Tw obedr m FMR On eb dr om FMR R ent af or dbl at ar mi i c (AMI) Rent affordable with full-time job paying mean renter wage R ent af ord bl at 30% f AMI Rent affordable with full-time job paying minimum wage R entaf ord bl t SI r c ip Created Date We developed the Living Wage Calculator to help individuals, communities, employers, and others estimate the local wage rate that a full-time worker requires to cover the costs of their family’s basic needs where they live. Dec 5, 2024 · The analysis, based on the National Low-Income Housing Coalition's report, highlights that housing costs in North Carolina significantly outpace wages. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $4,239 monthly or $50,869 annually. The pertinent law and regulations can be found at M. This map Nationally, the 2024 housing wage is $32. Jul 17, 2025 · NLIHC has released the 2025 edition of its Out of Reach report, which chronicles the gulf between the wages people earn and the price of decent rental housing in every state, metropolitan area, and county in the United States. “Even before the global pandemic, we knew that there was a severe gap between average wages and the cost of renting or owning a home in Washington,” said Rachael Myers, Executive Director of WLIHA. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: In Idaho, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,447. 00/hr Each week you have to work 91 hours To afford a modest 1 bedroom rental home at Fair Market Rent Jan 23, 2025 · The state with the second-least affordable housing is Florida, where residents earn a median household income of $6,109. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $8,599 monthly or $103,184 annually. The session also saw important signs of legislative frustration at California Environmental Quality Act (CEQA) abuse. “Workers earning the federal minimum wage of $7. Out of Reach in North Carolina MINNESOTA #27* In Minnesota, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,468. The annual report highlights the mismatch between wages people earn and the price of decent rental housing in every state, metropolitan area, and county in the U. Feb 10, 2023 · The Griswold Hills apartment complex in Newington offers a mix of affordable and market-rate apartments. Published annually, the Out of Reach report highlights the gulf between the wages people earn and the price of modest rental housing in every state, county, metropolitan area, and combined non-metropolitan area in the U. Jun 27, 2024 · In addition to the national Housing Wage, Out of Reach provides Housing Wages for each state, metropolitan area, county, and combined non-metropolitan area within a state. Aug 14, 2025 · Hourly wages needed to afford a two-bedroom apartment in the United States in 2025, by state (in U. But because location so heavily influences rental rates, there are some extremes. Prosperity Indiana released data Thursday, July 17 that looked at the number of hours someone has to work to afford housing in MISSOURI In Missouri, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,124. Feb 11, 2025 · Nationally, the 2023 Housing Wage is $28. In Columbus, Ohio there are less affordable housing units per capita than in New York and San Francisco—contributing to the states’ affordability crisis. 5x the minimum wage. state, featuring detailed statistics, rankings, and income comparisons to reveal regional economic trends and disparities. Working at minimum wage $12. The federal minimum wage of $7. Aug 29, 2025 · The highest housing wage in the state is located in the counties within the greater Minneapolis / St. Postal Service zip codes. Jul 17, 2025 · Indiana’s “2025 Housing Wage” according to Out of Reach, a report published jointly today by the National Low Income Housing Coalition (NLIHC) and Prosperity Indiana. Mar 16, 2023 · The wage match processing occurs between the local housing authorities (LHAs) and the Massachusetts Department of Revenue (DOR), with DHCD as the pass-through agency. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jan 2, 2025 · Explore housing affordability by state in the U. In North Carolina and Nationwide Oct 31, 2023 · In 2023, the California Legislature enacted and extended significant housing streamlining laws – most, but not all, are limited to projects that pay prevailing wage for construction labor and contain significant amounts of Below Market Rate (BMR) housing. The report calculates the “Housing Wage” a full-time worker must earn to afford a rental home without spending more than 30% of their income on housing costs. For a modest two-bedroom apartment, the average Housing Wage ranges from $18. 67 for a modest one-bedroom rental home. The report compares rents and wages nationally and in every state, country, and metropolitan area in the United States. The report’s central statistic, the Housing Wage, is an estimate of the hourly wage a full-time worker must earn to afford a modest rental home at HUD’s fair market rent (FMR In Nevada, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,713. Jan 23, 2025 · Our research team at Madison Trust gathered U. The "wage needed to afford rent" estimates a full-time worker's hourly wage to rent a two-bedroom home at the fair-market rate (FMR). Nov 13, 2025 · Explore the 2025 average household income by U. This new report highlights the significant gap between wages and the income necessary to afford housing. For example, you’d have to earn almost $42. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,608 monthly or $43,293 annually. Aug 1, 2022 · The hourly wage Connecticut residents need to afford rental housing in the local market is one of the highest in the country — and it's nearly double the state's $14-an-hour minimum wage. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $3,572 monthly or $42,869 annually. dollars) Nov 6, 2025 · The average hourly earnings by state reveal just how much influence this has on housing markets nationwide. 50/hr Each week you have to work 105 hours To afford a modest 1 bedroom rental home at Fair Market Rent In Oklahoma, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,091. 2025 TWO-BEDROOM RENTAL HOUSING WAGES This map displays the hourly wages that a full-time worker must earn (working 40 hours per week, 52 weeks per year) in every state, the District of Columbia, and Puerto Rico in order to afford Fair Market Rent for a TWO-BEDROOM RENTAL HOME, without paying more than 30% of income. The state average “fair market rent” for a 2 bedroom is $2,097, meaning, in order to afford rent and utilities without paying more than 30% of one’s income for housing, one would need to earn $6,989 monthly. This is Indiana’s “2025 Housing Wage” according to Out of Reach, a report published jointly today by the National Low Income Housing Coalition (NLIHC) and Prosperity Indiana. In Utah, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,523. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Jun 18, 2018 · NLIHC released Out of Reach: The High Cost of Housing 2018 on June 13. Housing is Out of Reach In 2025, a full-time worker needs to earn an hourly wage of $33. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $3,637 monthly or $43,640 annually. 88 an hour, 2. Jun 25, 2025 · The State Building and Construction Trades Council, a construction union umbrella group that regularly clashes with the carpenters union on labor issues, excoriated the proposal in a letter to legislative leadership yesterday. New Hampshire – Jobs at average renter’s wage needed to afford a 2-bedroom: 1. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: Thanks to an expanding housing market over several decades, the median home value has more than double between 1999 and 2019, growing from $111,100 to $231,000. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $4,704 monthly or $56,442 annually. Jul 17, 2025 · Washington, D. Even before the pandemic, rents were increasing much more quickly than wages, putting pressure on millions of renters. Jan 21, 2025 · In 2025, the lowest Housing Wage in the state is $17. The home price-to-income ratio measures the relationship between the median home price and the median household income. In order to afford this level of rent and utilities - without paying more than 30% of income on housing - a household must earn $6,376 monthly or $76,518 annually. Service Contract Act Nov 12, 2024 · With steadily increasing home prices and stagnating wages among lower-wage workers, home ownership for many Americans has become increasingly unaffordable. Feb 11, 2025 · For the second year in a row, Washington was ranked with the fifth-highest hourly “housing wage” in the country. 50/hr Each week you have to work 98 hours To afford a modest 1 bedroom rental home at Fair Market Rent Jun 14, 2023 · NLIHC released Out of Reach 2023: The High Cost of Housing. DHCD, as pass through of information between an LHA and DOR, is responsible for making sure that LHAs adhere to the guidance, law and policies that surround the use of the wage match system. Department of Agriculture. These counties with large disparities between renters and owners in housing cost burden rates contain some of the state’s largest urban centers. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: MAINE In Maine, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,478. Even after factoring in higher state and local minimum wages, the average minimum-wage worker in the U. Working at minimum wage $16. This increase has caused many people to put off buying a home until later in life, making renting more popular. States with lower housing costs also tend to have lower wages, so the lowest-wage workers in every state The dollar amount shown for each zip code is the two-bedroom Housing Wage, which we provide at the zip code level within metropolitan areas. 70/hr Each week you have to work 78 hours To afford a modest 1 bedroom rental home at Fair Market Rent. Many jobs pay less than what is Summary There is an urgent need for funding to support affordable housing in per-sistent poverty areas. 58 per hour for a modest two-bedroom rental home and $23. Jul 5, 2024 · Maryland is among the most-challenging states for minimum wage workers to earn enough to be able to afford rent for a two-bedroom apartment, suggesting that affordable housing is “out of reach” for many low-wage renters. In Georgia, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,532. Housing Act of 1937, as amended, and the Native American Housing Assistance and Self-determination Act of 1996, as amended. cofq yjulty ivk ecnlw kzq fkah rhejyfv zyi ohhubwvl vmucw ocmq arcqo aygd ittcrxd imd