The Facts About “It”
- More than 13 millions Americans pay more than 50% of their income on housing
- For every 100 very low-income renters, only 76 affordable rental units are currently available
- To afford the fair-market price of the average U.S. two-bedroom rental unit, renters working full-time need to earn at least $15.28 per hour. That’s almost three times the current federal minimum wage.
- For the 14.8 million U.S. households that make $10,000 or less per year, a year’s rent costs about 70 percent of their annual income.