In order to afford a modest, two-bedroom apartment at Fair Market Rent in MA, renters need to earn $24.64 per hour. This is MA’s 2015 Housing Wage, revealed in Out of Reach 2015, a national report released by the National Low Income Housing Coalition, a Washington, DC-based research and advocacy organization. This year, MA is the sixth most expensive state in the nation for renters.
Every year, Out of Reach reports on the Housing Wage for all states, counties, metropolitan area and combined non metropolitan areas in the country. The report presents housing costs nationwide, highlighting the gap between what renters earn and what it costs to afford rent at fair market value.
For additional information, visit: http://nlihc.org/oor.