Rent’s up
It’s expensive to rent no matter where you live, relatively speaking
Having trouble making rent no matter how many hours you work? You’re not alone. Out Of Reach 2012, a comparison of fair-market rent prices versus wages across the United States conducted by the National Low Income Housing Coalition, indicates that even in Arkansas, where the rent-to-earnings ratio is the least disparate, a worker would need to make $11.41 an hour (40 hours per week, 52 weeks per year) in order to rent a two-bedroom apartment. In California, the third most expensive state, the average housing wage is $26.02.
The top-10 most expensive
1. Hawaii $31.68>
2. District of Columbia $28.96
3. California $26.02
4. New Jersey $25.04
5. Maryland $24.83
6. New York $24.68
7. Connecticut $23.58
8. Massachusetts $22.84
9. Virginia $20.26
10. New Hampshire $19.29
Source: National Low Income Housing Coalition