The National Low Income Housing Coalition crunched federal rent and population data to reach its conclusions. The report defines a “housing wage” as how much a worker must earn to spend no more than 30-percent of their income renting a below-average apartment.
Colorado ranks 14th in the nation for highest housing wage. Outside of the cities, renters fair slightly worse. The state has the eighth-highest non-metropolitan housing age in the country.
The report finds that the average Colorado renter makes a bit more than $15 an hour, just a little less than what’s needed to afford a modest one-bedroom apartment.
You are one of the CPR readers who wants to know what is really going on these days. We can help you keep up - The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!