Brought to you by WBIW News and Network Indiana
Last updated on Wednesday, December 13, 2006
(UNDATED) - A new report indicates it is becoming harder for low-income Hoosier families to find homes they can afford.
The Indiana Coalition on Housing and Homeless Issues is releasing findings from a study called "Out Of Reach 2006."
ICHH executive director Michael Reinke says Indiana households now must make at least $12.36 an hour in a 40-hour workweek to afford a two-bedroom apartment. That amount is an increase of 19% from 2000. Reinke identifies Indianapolis, Gary, and Columbus as some of the least affordable areas.
The average renter in Indiana earns $10.64, which is almost two dollars lower than the hourly wage needed to afford a modest unit. An estimated 44% of Indiana's renters do not earn enough income to afford a two-bedroom place. Indiana this year is the 31st most expensive state in the nation for renters.
1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at firstname.lastname@example.org
© Ad-Venture Media, Inc. All Rights Reserved.
Click here to go back to previous page