A nationwide housing shortage and skyrocketing property valuee are fueling a squeeze in the rental market. But how affordable is rent in your state?
In Maine, a renter needs to work at least a part-time job on top of their regular 40-hour workweek in order to comfortably afford a two-bedroom apartment.
The average renter earns $16 an hour, meaning they need to work more than just full time to keep their housing costs at or below 30% of their income.
With a $17 an hour average wage, renters have to juggle multiple jobs in order to afford a moderate quality two-bedroom apartment.
3. Rhode Island
The average renter earns $28 an hour, but needs to work at least a part-time job on the side in order to comfortably afford a moderately priced two-bedroom apartment.
The island life continues to draw newcomers from the mainland, but Hawaii’s relative isolation in the Pacific Ocean also means higher price tags on everything from food to housing.