Out of Reach 2017: The High Cost of Housing
NLIHC’s annual report, Out of Reach, documents the gap between wages and the price of housing across the United States. The report’s Housing Wage is an estimate of the hourly wage that a full-time worker must earn to afford a modest and safe rental home without spending more than 30% of his or her income on rent and utility costs. The report indicates that housing costs are "out of reach" for both for the average renter and for millions of low-wage workers, seniors and people with disabilities living on fixed incomes, and other low-income households. In no state, even those where the minimum wage has been set above the federal level, can a minimum wage renter working a 40-hour work week afford a modest two-bedroom rental unit.