Out of Reach

According to the annual, national report released today, New Jersey is the sixth most expensive state to rent a home as rental costs have increased over the last year. In order to afford a modest two-bedroom home in the Garden State, a family must earn an hourly wage of $27.31, far more than the state’s average hourly wage of $17.86 or the $8.44 minimum wage.

The report, Out of Reach 2017, is a national study by the National Low Income Housing Coalition (NLIHC), a Washington, D.C.-based housing policy organization. The report provides the Housing Wage and other housing affordability data for every state, metropolitan area, combined non metropolitan area, and county in the country. Read more here.

Links of Interest

Archived Out of Reach Data:

2008          2009          2010          2011          2012          2013          2014          2015          2016