Reports

Out of Reach documents the significant gap between renters’ wages and the cost of rental housing across the United States. The report’s central statistic, the Housing Wage, is an estimate of the hourly wage a full-time worker must earn to afford a rental home at HUD’s fair market rent (FMR) without spending more than 30% of his or her income on housing costs, the accepted standard for affordability. Over the past 30 years, the report has demonstrated that the cost of a modest rental home is out of reach for low-wage workers and other extremely low-income renters.