News
Out of Reach Oregon
On March 12,
2013, the NationalLow
Income Housing Coalition (NLIHC),
released their annual report,Out
of Reach 2013, which
compares the income required to afford the average rent for each state and
nationally. In most areas of the country rents continue to rise despite high
unemployment and foreclosure rates.
Out of Reach data for Oregon shows that the average two-bedroom
rent in Oregon is $832, which would require a $16 hourly wage to afford. A
worker earing Oregon’s minimum wage of $8.65 per hour would need to work 72
hours per week, 52 weeks per year to afford the average two-bedroom rent.
— Posted on 3/25/2013