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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