Report: Affordable housing out of reach for low-wage workers

BURLINGTON, Vt. (WCAX) A national housing report says affordable housing is still well out of reach for low-wage workers.

In order to afford a two-bedroom apartment at the fair market rate, a renter would have to make $22.40 an hour or more than $46,000 annually.

Meanwhile, the average renter in Vermont earns just $12.85 an hour.

The report says Vermont's housing affordability gap is the fifth largest in the nation.

The report was compiled by the National Low Income Housing Coalition, an organization dedicated to bringing affordable, decent homes to low wage earners. Click here for the full report, Out of Reach 2018.