In 2021, the National Low Income Housing Coalition released a report, Out of Reach: the High Cost of Housing, where they stated that “a full-time worker needs to earn an hourly wage of $24.90 on average to afford a modest, two-bedroom rental home in the U.S. The Housing Wage for a two-bedroom home is $17.65 higher than the federal minimum wage of $7.25, and $6.12 higher than the national average hourly wage of $18.78 earned by renters. In 10 states and the District of Columbia, the two-bedroom Housing Wage is more than $25.00 per hour.”
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