A Vermont household renting outside of the Burlington metropolitan area needs to earn at least $16.91 to afford a modest two-bedroom apartment, according to the latest "Out of Reach" report released by the National Low-Income Housing Coalition.
Compared to the combined non-metropolitan areas of other states, this ranks Vermont 8th highest in the U.S. Vermont’s combined non-metropolitan area consists of all counties in the state except Chittenden, Franklin and Grand Isle.
The "Out of Reach" report is a side-by-side comparison of wages and rents in every county, metropolitan area, combined non-metropolitan area, and state in the country.
Read the "Out of Reach" report online.
This “housing wage” data was also included in VHFA’s recently released "Between a Rock and a Hard Place: Housing and Wages in Vermont" report, which focuses on the state’s market realities for lower income renters in 2010.