Vermonters who rent live in the 15th least affordable state in the nation, according to a new report released by the National Low Income Housing Coalition (NLIHC), a Washington, D.C., housing advocacy group, and the Vermont Affordable Housing Coalition (VAHC) in Burlington.
The annual "Out of Reach" report, released today, says rural Vermont is one of the 10 most expensive rural areas in the nation.
Vermont’s "Housing Wage" has risen to $17.70 per hour, or $36,812 a year. This represents an increase of 54% since 2000. The national Housing Wage for 2010 is $18.44.