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.
Find out how NH compares to other states in the new report, published by the National Low Income Housing Coalition. (Jump directly to New Hampshire data here.)