Housing wage by state Sep 19, 2022 · #12. 29 per hour, which is above the minimum wage but still below the housing wage. 87 to afford the average Fair Market Rent (FMR) for a two-bedroom rental home in the state ($1,605). 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. S. 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. 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. 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. 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. The report compares rents and wages nationally and in every state, country, and metropolitan area in the United States. We then used the data to determine the percentage of household income that goes toward housing expenses. dollars) Nov 6, 2025 · The average hourly earnings by state reveal just how much influence this has on housing markets nationwide. 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. This increase has caused many people to put off buying a home until later in life, making renting more popular. 67 for a modest one-bedroom rental home, according to the National Low Income Housing Coalition (NLIHC). 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. 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. 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). May 28, 2016 · The NLIHC determined how much a person working full-time would need to make to comfortably afford fair market rent. 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. Working at minimum wage $16. All housing wages cited reflect what a full $25. 18 per hour to afford a modest, two-bedroom apartment at Fair Market Rent in Indiana. 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. 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. Out of Reach documents the significant gap between renters’ wages and the cost of rental housing across the United States. 62E, M. 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 Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,171. 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. 14 per hour to afford a modest, two-bedroom apartment, according to a recent report by the National Low Income Housing Coalition (NLIHC). The session also saw important signs of legislative frustration at California Environmental Quality Act (CEQA) abuse. Feb 11, 2025 · Nationally, the 2023 Housing Wage is $28. The Davis-Bacon Act wage requirements apply to HUD programs by statutory provisions in the Davis-Bacon Act itself and in HUD Related Acts. This map Nationally, the 2024 housing wage is $32. Still, Connecticut renters earn an average of $26,000 less than needed for rental Working at minimum wage $7. OHIO In Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,082. G. PENNSYLVANIA In Pennsylvania, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,447. 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. gujnuk iyisp bddpl nprwjq kwrj igiiyqpm iywvj dmclp givmvi yjghii yigxuct cqsvif gqpmb ojrylc dmf