Rising costs putting pressure on renters: NLIHC study

Report highlights mismatch between wages and rent prices
  • According to the National Low Income Housing Coalition, the average full-time worker must make $21.21 per hour to afford a basic, two-bedroom apartment and $17.14 per hour to afford a one bedroom -- well above the national federal minimum wage of $7.25.

Renting is often touted as an affordable alternative to homeownership, but recent studies have revealed that renters are feeling the pressure of rising rents just as much as buyers are struggling to find reasonably priced homes.