Mapping the Myth of Affordable Housing

The National Low Income Housing Coalition has recently released a map showing their state-by-state findings on housing affordability. And, in no state was a 40-hour work week at minimum wage enough to pay for a two-bedroom unit at Fair Market Rent.

Suzy Khimm shares the distressing results of the NLIHC study, which looked at affordability in every state based on Fair Market Rent, "the government's measure for the monthly cost of a "modest, non luxury rental unit" in a specific area, plus utilities," in a piece for The Washington Post.

"Nationally, the NLIHC calculates that a household needs to earn $37,960 in 2012 to afford a two-bedroom unit at the national average Fair Market Rate of $949 a month. By comparison, someone earning the current federal minimum wage, working 40 hours a week, earns only $15,080 a year."

As rents rise, government assistance falls, and wages continue to stagnate nationwide, the affordable housing crisis is likely to get worse before it gets better.

Full Story: Why affordable housing is a myth, in one chart

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00