Out of Reach 2013

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Renters in Washington State need to earn $18.58 per hour in order to afford a basic apartment here, according to a report released on Monday, March 11 that compares the cost of rental housing with what renters can really afford. The report, Out of Reach 2013, was jointly released by the National Low Income Housing Coalition (NLIHC) and the Washington Low Income Housing Alliance. The report provides housing affordability data for every state, metropolitan area, and county, including the Housing Wage. The Housing Wage is the hourly wage a family must earn, working 40 hours a week, to afford the rent and utilities for a safe and modest home in the private housing market. (In the U.S., HUD considers someone as rent-burdened if they are paying more than 30% of their income on housing.)

To find out more about the gap between wages and rents in Washington and across the country, go to the Out of Reach interactive website.