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Tuesday, December 06, 2022

How Much is Required to Rent a House in Each State of the United States

How Much is Required to Rent a House in Each State of the United States

live in the united states dream of many, which sometimes focus on the positive parts of the experience. However, reality is inevitable and there is one aspect that cannot be ignored: Rent costs that are becoming increasingly unaffordable, especially when planning to live alone.

In a recent report on this point, the NGO Combined Route of National Capital Region Data from the National Low Income Housing Coalition (NLIHC) were used to determine Annual income required to afford one- and two-bedroom rent across the United States.

in 11 states, Tenants earning the average rent in their area do not meet the required income, The same is the case in California, Connecticut, Florida, Louisiana, Maine, Massachusetts, etc.

Massachusetts is the biggest loser, as you have to earn more than $61,000 a year to rent a room.But the median household income for renters is less than $50,000.

Massachusetts is the unit that has the largest deficit between what is received and what is spent on housing.unsplash

For example, in San Francisco, United Way He explains that you need to earn $116,000 to buy a room, but the median income is only $93,303. These are the minimum income required to be able to pay for a room in any of the 50 states, Plus the average of what the tenants receive.

Vermont

Virginia

Washington

Virginia Occidental

Wisconsin

Wyoming

alabama

alaska

Arizona

Arkansas

california

Colorado

Connecticut

Delaware

Florida

Georgia

airy

idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

louisiana

I

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

montana

Nebraska

Nevada

new Hampshire

new jersey

new Mexico

New York

Renters' Median Income Is Less Than What They Need To Afford An Apartment In New York
Renters’ median income is less than what they need to afford an apartment in New Yorkunsplash

North Carolina

North Dakota

ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

Dakota Del Suri

Tennessee

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