Making $21/hour? If not, housing is out of reach in NH
The 2016 Out of Reach report shows NH families are struggling to plug a gap between what they earn and what it costs to keep a roof overhead.
The statewide “housing wage,” the income a household needs to to be able to afford rent and still have enough left for necessities like food, transportation and childcare, is now $21.09. With a Fair Market Rent for a 2-bedroom apartment running $1,097, even families making the median renter income of $14.08/hour are paying more than they can afford on rent and utilities. For families working at minimum wage, affording rent means 116 hours must be spent working each week.