Nationwide, Colorado's housing wage was 11th highest, with states such as Hawaii, Alaska, California and NY requiring a higher income to afford basic housing.
As CityLab's analysis of the report notes, "NLIHC estimates that the average renter's hourly wage in the United States is $16.88". While the rental market added more than 6.7 million housing units between 2005 and 2015, the number of units renting for less than $800 dropped by more than 260,000, according to the report. However, the report's authors cautioned against thinking that increasing minimum wage would be a "silver bullet solution". As Cleveland continues to dig out of the housing crisis, it's important not just to look at the numbers from reports like the one from The National Low Income Housing Coalition, but also analyze and challenge the reasons why the numbers are what they are.
In Ohio, the fair market rent (FMR) for a two-bedroom apartment is $793.
The Hawai'i Appleseed Center for Law and Economic Justice outlined details of the Out of Reach 2018 report, compiled by the National Low Income Housing Coalition.
Of the 10 most expensive metropolitan counties, eight are in California, one is in NY and one is in Hawaii.
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The data gives fresher context to affordable housing fights taking place across the country. The same worker would still need to work 99 hours a week every week of the year to afford a one-bedroom.
"Make no mistake: while the housing market may have recovered for many, we are nonetheless experiencing an affordable housing crisis, especially for low-income families", Sen. "That leaves precious little for other essentials".
"Low-wage work is expected to grow", the report reads. That means the average Utah renter pays 41% of the gross income on housing. Eric Thomas will have more on this study starting at 4 p.m. on ABC7 News. Federal funding needs to be increased for affordable housing programs like the Housing Trust Fund, which issues block grants to states to to build or upgrade housing, and rental assistance is needed, the authors conclude. Housing and Urban Development Secretary Ben Carson recently proposed tripling rent for the poorest households and making it easier for housing authorities to impose work requirements on those receiving rent subsidies.
This is the case even in states with low rental prices. It's hard to praise Cleveland for its affordability when there are an average of 12 evictions every single day and an enormous waiting list for housing vouchers through CMHA. When rents reach a level that the majority of extremely low income renters could afford, landlords in strong housing markets have an economic incentive to redevelop their units for higher rents.