Study: Here’s what Denver workers must earn to afford a 2-bedroom apartment
A new report from the National Low Income Housing Coalition drives home the stark reality that minimum wage workers face: Affordable housing, both in Colorado and across the nation, often remains “out of reach.”
That’s the theme for the 2018 NLIHC report, released Wednesday, which calculates how many hours an employee earning minimum wage would need to work per week in order to afford an apartment at Fair Market Rent in different parts of the country. The federal government annually determines Fair Market Rents, which serve as estimates of what apartments in a particular area would cost to rent.
According to the report, the average Colorado resident needs to make at least $23.93 per hour to afford a two-bedroom apartment, the 11th highest “housing wage” in the United States.
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