The Coastal Packet: Maine among the least affordable for renters

Saturday, June 16

Maine among the least affordable for renters

Press Herald - Maine’s rental market is among the least affordable in the nation, according to a report released Wednesday that places it alongside high-housing-cost states such as California, New Jersey, Massachusetts and Hawaii.

The National Low Income Housing Coalition’s annual report showed the gap between an average renter’s wage and the wage needed to comfortably afford a two-bedroom apartment. In Maine, that gap was $7.29 per hour.

The study, which used federal housing and U.S. Census data for its calculations, pegged the average Maine renter’s wage at $11.44 per hour, while the hourly wage needed to rent a two-bedroom apartment is $18.73 per hour – the ninth-highest in the nation.

No comments: