Layfield PowerPoint Presentation

Data & Dollars:
An Analysis of America’s Needs
Out of Reach 2017
$21.21
$16.48
Average hourly wage
needed to afford a modest
two-bedroom apartment at
Fair Market Rent (FMR)
Average hourly wage of
renter
$17.14
$7.25
Average hourly wage
needed to afford a modest
one-bedroom apartment at
FMR.
Federal minimum wage
What can non-metropolitan renters afford?
$1,000
$939
$900
$800
$700
$821
$772
$758
$624
$500
$597
$580
$571
$600
$468
$377
$400
$768
$754
$734
$579
$455
$450
$377
$377
$300
$200
$100
$0
Iowa
Maine
Mississippi
South Dakota
West Virginia
Two bedroom Fair Market Rent (FMR)
Rent affordable with full-time job paying mean renter wage
Rent affordable with full-time job paying minimum wage
Wyoming
OOR Website (www.nlihc.org/oor)
Out of Reach Report Page
Out of Reach State Page
New for 2017: Explore Data by Zip Code
Affordable and Available Rental Units
(in millions)
20.0
17.9
15.5
15.0
11.4
10.0
5.0
9.9
7.5
4.0
0.0
Extremely Low Income
(0 - 30%* of AMI)
Renter Households
Extremely Low and Very Low Income
(0 - 50% of AMI)
Affordable Units
Available Units
Note: * Poverty guideline, if higher. Source: NLIHC tabulations of 2015 ACS PUMS data.
Cost Burdens Among Renter Households
87%
78%
71%
48%
33%
22%
8%
2%
Extremely Low Very Low Income Low Income
Middle Income
Income
(31 - 50% AMI) (51% - 80% AMI) (81% - 100%
(0 - 30% AMI)
AMI)
6%
1%
Above Median
Income
Cost Burden (Rent and Utilities > 30% of Gross Income)
Severe Cost Burden (Rent and Utilities > 50% of Gross Income)
Cost Burdens Among Renter Households,
Nonmetropolitan
82%
62%
63%
36%
21%
12%
6%
1%
Extremely Low Very Low Income Low Income
Middle Income
Income
(31 - 50% AMI) (51% - 80% AMI) (81% - 100%
(0 - 30% AMI)
AMI)
3%
0.2%
Above Median
Income
Cost Burden (Rent and Utilities > 30% of Gross Income)
Severe Cost Burden (Rent and Utilities > 50% of Gross Income)
For more information:
Andrew Aurand, VP for Research, [email protected],
202.662.1530 x245
State Housing Profiles:
http://nlihc.org/library/SHP
Congressional District Profiles:
http://nlihc.org/library/CDP
Out of Reach:
http://nlihc.org/oor
The Gap
http://nlihc.org/research/gap-report