Out of Reach

According to an annual, national report, New Jersey is the sixth most expensive location for renters. The report, Out of Reach, was jointly released by the National Low Income Housing Coalition (NLIHC), a research and advocacy organization dedicated solely to achieving affordable and decent homes for the lowest income people, and the Housing and Community Development Network of New Jersey (the Network).

In order to afford a modest two-bedroom home in the Garden State, a family must earn an hourly wage of $31.32, more than the state’s average hourly wage of $23.29 or the current $13 per hour minimum wage. That means, at the mean wage, an individual would have to work 54 hours a week to afford a two-bedroom apartment at Fair Market Rent (FMR) or 96 hours per week for a minimum wage worker. Read More

Links of Interest 

• Fact sheet
• NJ County Ranking 
• Full Data Set
• NJ Job Occupation Wages
• Out of Reach State Rankings
• National Low Income Housing Coalition Out of Reach webpage