Out of Reach 2011 Report Outlines Growing Rental Affordability Problems

According to the National Low Income Housing Coalition’s Out of Reach 2011, released May 2, there are no states where a two-bedroom family apartment is affordable for someone working full-time at minimum wage, and there are extremely few places in the country where someone earning minimum wage can afford even a one-bedroom apartment.  Furthermore, in 2009, more than half of renters paid more than 30 percent of their income in housing.

The report also found the number of renters and the number of very low-income renters increased between 2007 and 2009.  More than 38 million households currently rent, an increase of 1.9 million from 2007.  Between 2007 and 2009 the number of very low-income renters grew by 1.18 million.

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In Kansas, the Fair Market Rent (FMR) for a two-bedroom apartment is $684. In order to afford this level of rent and
utilities – without paying more than 30% of income on housing – a household must earn... >>>