This week, the National Low Income Housing Coalition (NLIHC) released Out of Reach, their annual report on the affordability and availability of housing at the national, state, and local level. The report's primary measure of housing affordability is the Housing Wage, which is the hourly wage a worker must earn to afford a two-bedroom apartment in their community.
The report finds that in 2008 there is no jurisdiction in the country where a full-time worker earning minimum wage can afford a one-bedroom apartment.
In Ohio, the housing wage is $13.07 - assuming a 40 hour work week, 52 weeks per year. Minimum wage in Ohio is $7. To afford the Fair Market Value of a two-bedroom apartment in Ohio, a minimum wage earner must work 75 hours per week, 52 weeks per year.
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