Hoosier Renters Can't Afford It
(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.
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