A mismatch between rents and wages in Connecticut

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Many renters will find a two-bedroom apartment unaffordable in Connecticut, which has the 8th highest housing wage in the country, according to a study released by the National Low Income Housing Coalition.

The organization estimates that residents must earn $24.72 an hour to afford a two-bedroom apartment in Connecticut – or work 103 hours a week at minimum wage. The average hourly wage in the state is $16.21.

The housing wage represents what a worker would have to earn without spending more than 30 percent of income on housing. The hourly wage is calculated using the Fair Market Rent estimate from the Department of Housing and Urban Development.

On average nationally, a worker has to make $20.30 per hour to afford a two-bedroom apartment though the average hourly wage across the country is just $15.42, according to the report.

Hawaii has the highest two-bedroom housing wage at $34.22, while West Virginia has the most affordable housing wage at $13.17.

Connecticut is ranked 6th among states when measuring the gap between hourly wage and the two-bedroom housing wage.

That’s a difference of $8.51 per hour.

gapswagesrent

There’s no state where a person earning minimum wage can afford a one-bedroom place.

In Connecticut, someone would have to put in 82 hours a week. That’s nearly 12 hours a day for all seven days of the week, or more than 16 hours a day for five days of the week.


Check our work: The GitHub repository containing our work is available here. We encourage you to look over our calculations and expand upon our analysis.


What do you think?

  • CT_Yankee

    What a surprise (NOT!).