Recent statistics developed by the Harvard Joint Center for Housing Studies:
14.3 million American households spend more than 50 percent of their income on housing.
10.1 million of these households are in the bottom fifth of the income distribution.
17.3 million households spend 30 to 50 percent of their income on housing.
6.3 million households receive rental subsidies, but of these, about 3 million still spend more than 30 percent of their income for housing.
7.3 million homeowners spend more than 50 percent of their income on housing, including 2.7 million with no mortgage.
The Facts On Affordability
There is no county in America where a household with one
wage earner at minimum wage can afford a modest one-bedroom
apartment. (Loan Income Housing Coalition)
Someone who makes the current minimum wage of $5.15 per hour
and allocates no more than 30 percent of annual income for housing
should not have to pay more than $257.50 per month in rent and
utilities. The average cost of a reserved parking space in downtown
Washington , D.C. , is $280. The average cost of a one bedroom
in Manhattan is $1500. The average cost of a two bedroom in
Los Angeles is $2200. (National Building Museum)
To afford the median fair-market price of a two-bedroom rental
unit in the United States, a worker would have to earn a wage
of $12.47 per hour, 242 percent of the current federal minimum
wage of $5.15 per hour. (National Building Museum)
Swan's Marketplace, Oakland, CA, Pyatok Architects, Inc.,
C Pyatok Architects, Inc.
Howard University/LeDroit Park Revitalization Initiative,
Washington, DC, Sorg and Associates, PC, C Sorg and Associates,
Design drawing, Chelsea Court, New York, NY, Louise Braverman,
Architect, C Louise Braverman
Santa Monica, CA, Pugh Scarpa Kodama , C Pugh Scarpa Kodama
The University of Illinois at Chicago
Greene House, 383 Carlton Ave, Fort Greene Brooklyn.
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