Diane Yentel, president and CEO of the National Low Income Housing Coalition, said in a press release that low wage workers often have to choose between paying for rent, health care, childcare, and other basic necessities.
These are the findings of the National Low Income Housing Coalition's 2018 Out of Reach Report, which was released this week.
Low-wage workers have recently seen modest wage growth as the economy has improved, according to the report, but wages still remain too low for many workers to afford rental homes at the fair market rents. The report goes in depth, looking at how much a minimum wage worker must work to afford housing in each state. The state's minimum wage is now set at $8.50 an hour. The average fair market rent in Arkansas is $720 and the minimum wage is $8.50, the report notes. A worker would need to have 1.6 full-time jobs at minimum wage to afford housing.
Across Virginia, the report found that renters need to earn a $23.69 hourly wage to afford a two-bedroom rental.
Vermont has a housing wage of $22.40 - the 13th highest in the country. It says families should pay 30% or less of their gross income on housing. While the rental market added more than 6.7 million housing units during this period, the number of units renting for less than $800 declined by more than 260,000.
"If they need something less than $500 it's nearly impossible and a lot of those properties that are available are very unhealthy, unstable and no one would really want to live there if they could avoid it, but that's the reality", she told us.
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The report also looks at the mean wage for renters, since many people make more than the minimum wage. "They need to do a revision", said Tillman.
That's over $10 more than the federal minimum wage of $7.25. That wage is more than double the state minimum wage of $11.50 an hour. It affects about 9,000 people.
Statewide, Hawaii residents need to earn $36.13 per hour, or $75,150 annually to rent a two-bedroom residence - more than any other state. For a one-bedroom, a person must work 82.5 hours, or about two jobs.
Anyone making that amount would have to work triple shifts of 119 hours a week for a 2-bedroom apartment. Williamson County is the second highest in the Midstate at $15.43 per hour. At the same time, new rental construction has tilted toward the luxury market because of increasingly high development costs, the report said.
"In America today, almost 11 million families pay more than half of their limited incomes toward rent and utilities", Sanders writes. Just one in four qualifying households gets federal assistance.
Trump's proposed cuts for the 2019 fiscal year, the NLIHC report says, would "lead to the largest reduction in affordable housing and community development investments in decades", taking "vital federal rental assistance" from 200,000 families.