- The Fair Market Rent (FMR) for a two-bedroom home is a staggering $959 a month;
- At the federal minimum wage of $7.25, a household would have to work 102 hours each week to afford the FMR for a two-bedroom home;
- The two-bedroom Housing Wage topped $20.00 in 10 states: Hawaii, District of Columbia, California, Maryland, New Jersey, New York, Massachusetts, Connecticut, Alaska, and Florida;
- A full-time minimum wage worker cannot afford even a one-bedroom apartment at the FMR in any county in the nation; and
- The five most expensive metro areas include: Stamford-Norwalk, Connecticut; San Francisco, California; Honolulu, Hawaii; Santa Cruz-Watsonville, California; and Westchester County, New York.
NLIHC has called on Congress to fund the National Housing Trust Fund, which would provide communities with funds to build, rehabilitate, and preserve rental housing for people with the lowest incomes. Legislation creating the National Housing Trust Fund passed in 2008, but Congress has not yet capitalized the fund.
Learn more about the report's data and sources.