The National Low Income Housing Coalition (NLIHC) released Out of Reach 2025: The High Cost of Housing. The report, offering state-by-state data, highlights the significant gap between wages and the income necessary to afford housing.
The report’s central statistic, the Housing Wage, is an estimate of the hourly wage a full-time worker must earn to afford a modest rental home at HUD’s Fair Market Rent (FMR) without spending more than 30 percent of their income on housing costs.