It now takes a $22.10 hourly wage to afford the typical modest two-bedroom rental

Published June 13, 2018 2:55pm ET



An hourly wage of $22.10 is now what’s needed to afford a typical, modest two-bedroom rental nationwide, according to a new report released Wednesday, and most renters don’t earn nearly that much.

In its report, the National Low Income Housing Coalition estimated that the typical renter instead earns just $16.88, meaning that for most the average “affordable” rental housing, as defined by the government, is not within financial reach.

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