Report: $21-Per-Hour Wage Needed To Afford 2-Bedroom Apartment In Colorado

· May 31, 2016, 4:33 pm
Photo: Housing affordability map(Courtesy National Low Income Housing Coalition)
This map from the National Low Income Housing Coalition shows how much a worker needs to make per hour to afford a two-bedroom apartment in each state.

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.

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