A new report shows you have to earn $13.17 an hour to afford a one-bedroom apartment in Rochester. You have to earn $16.04 to afford a two-bedroom, two full-time jobs for a minimum wage earner.
The analysis comes from the National Low Income Housing Coalition. To come up with the Housing Wage, NLIHC used HUD’s Fair Market Rent data and stipulated rent and utilities can be no more than 30 percent of income.
One-third of Monroe County households are renters, who earn an average wage of $11.33 an hour. An affordable rent for this person is $589. But two-bedrooms in Monroe County rent for $834. This person would have to work 1.4 jobs to make ends meet.
I thought this study was interesting in light of the debate over including some affordable housing at the Port of Rochester. These types of units would likely be going to people who live above the poverty line, but face a rent gap.
Rents in Rochester are higher than Syracuse and Buffalo. The Washington Post mapped out the Housing Wage across the country in a nifty interactive.
NLIHC had this to say about the national rental market, and some of it rings true in Rochester:
Only a sliver of the rental market remains affordable and available to the lowest income households. The level of investment in new affordable housing units today is insufficient to meet the demand. Although nearly a third (28%) of renter households live below the federal poverty line and a quarter of renters are ELI (extreme low income), most newly constructed units are for high income households, while older units are being upgraded to serve a higher income market.
Do you pay more than 30 percent of your income in rent?
Links of the Day:
– “We had to throw out all of our ideas of what a Wegmans looked like.” A smaller Wegmans opens in Newton, Massachusetts on Sunday.
– Wegmans is expanding into the Richmond, Virginia market.
– Nicole Wegman will open a liquor store outside of a Wegmans in Amhert, Erie County. That is sparking the familiar claims Wegmans is getting around state liquor laws.
– Bob Duffy came in dead last on an Albany power list.
– Rochester does really well on a 100-city survey of airfare.
– A casino 50 miles from Manhattan? That will most certainly spur the tourism Upstate the governor promised. (NOT.)
– An FCC proposal could end net neutrality as we know it. That means some Internet sites could be faster if they pay service providers.
– This doesn’t happen often. Someone called for a portion of the Lake Ontario State Parkway to be shut down because few people use it.
– Lovely Warren made a video about her first 100 days:
Tweet of the Day:
— Erik Frisch (@frisch_ROC) April 23, 2014