Least Affordable States For Housing

A new report investigates the "growing gap between housing costs and income of poor people in the United States" and ranks states and counties by affordability.

Out of Reach, a study by the National Low Income Housing Coalition "contains income and rental housing cost data for the fifty states and District of Columbia by state, metropolitan area, and county or, in the case of New England, town. For each, it calculates the income that renter households need in order to afford rental housing and estimateshow many of these households cannot afford to pay the Fair Market Rent (FMR), and what they wouldneed to earn to pay the rent and keep their housing costs at 30 percent of their income, the generally accepted standard for affordability established by Congress and the Department of Housing and Urban Development."

Thanks to Abhijeet Chavan

Full Story: Out of Reach: The Growing Gap Between Housing Costs and Income of Poor People in the United States

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