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City of Rochester Communications Burear

City of Rochester Communications Burear

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:

 

13 Responses to Rochester Rent Gap

  1. I make $12.86/hr and live in a decent studio in the Park Avenue area. No way I could afford a beautiful, walkable, vibrant neighborhood like this in most cities. I have no complaints when it comes to Rochester housing prices.

  2. April 23, 2014 at 9:56 pm Nervous responds:

    I make 12.25 and lost my house and need to move soon. I have two dogs and little confidence in finding a decent one bedroom that will accept my dogs. I do find rents to be high. As a former rental owner, I charges significantly less than market rate because I understood the problem and rented to people with credit issues and pets. They knew I had to make the mortgage and get were living above the landlord…. Im scared quite honestly I may have to put one or both of my animals down to be accepted into a decent place. It sucks.

  3. April 23, 2014 at 10:48 pm Help I'm broke responds:

    People earning 10-15 dollars an hour are not going to be able to pay the rent if they have to

  4. April 24, 2014 at 8:13 am Animule responds:

    There are plenty of cheap (and currently empty) houses in the city of Rochester that could suit these renters. Turning renters into city homeowners would also help plump up the city’s tax revenues. This is a necessary development to help fund the $20 million (or is it $30 million?) publically funded marina and its whopping 85 boat slips down by Lovelyville near what was the old not so fast ferry terminal in Charlotte.

  5. @ Rachel: My rent is $575, utilities included. I’m not sure what percentage that is.

  6. April 25, 2014 at 8:56 am RichieCal responds:

    There are several owners that will allow pets in all or most of their apartments. Morgan Management, Tri-City Rentals, Conifer, Solomon, Riedman Development, The Cabot Group, DHD Ventures, and several others. Most will have breed or weight restrictions, ask when you call them. Start your search on RentRochester.com. These folks are all advertising there. http://www.rentrochester.com/

  7. April 25, 2014 at 2:51 pm Help I'm broke responds:

    I apologize for the unfinished post.. But the point I wanted to make is that earning 20k-30k a year plus having to pay for Health care (ACA) is certainly going to be difficult. Unless you have a waiver. What about car expenses?

  8. April 25, 2014 at 3:36 pm RichieCal responds:

    Typically, owners don’t look at your car expense as a monthly obligation like a bank would when applying for a mortgage, they know you have monthly expenses like everyone else. They’ll want to know your income, employer, maybe run a credit report and check your references.

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