Tuesday, April 8, 2008

Out of Reach 2007-2008

(The following article is from the National Alliance to End Homelessness. Check out the link to their report, Out of Reach 2007-2008. It has great info. It shows Montana's Housing Wage cited as $12.05.)
This week, the National Low Income Housing Coalition (NLIHC) released Out of Reach, their annual report on the affordability and availability of housing at the national, state, and local level. The report's primary measure of housing affordability is the Housing Wage, which is the hourly wage a worker must earn to afford a two-bedroom apartment in their community. Since the release of Out of Reach 2006 in December 2006, NLIHC found that the housing wage has increased 36 percent from $16.31 to $17.32. This is higher than the national average hourly wage of $16 for all workers and well above the average hourly wage of $13.94 for all renters. The report also finds that in 2008 there was no jurisdiction in the country where a full-time worker earning minimum wage could afford a one-bedroom apartment.
Additionally, Out of Reach provides side-by- side comparisons of rents and wages for each state, metropolitan area, and combined non-metropolitan area in the United States. For each region the report provides the housing wage for a 0, 1, 2, 3, and 4 bedroom housing unit. The states with the highest housing wages are Hawaii ($29.02), DC ($25.46), and California ($24.01). The lowest housing wages are found in South Dakota ($11.19), West Virginia ($10.85), and North Dakota ($10.40).
http://www.nlihc.org/oor/oor2008/

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