New Hampshire renters need to earn $24 an hour to afford 'modest' housing, report shows
New data from the National Low Income Housing Coalition found that a New Hampshire renter would have to earn $24 an hour to afford a modest apartment.
That puts New Hampshire 13th highest among states in “housing wage” – how much a renter would have to earn to afford a two-bedroom apartment, according to the report.
At the state’s current minimum wage of $7.25, the report finds that a renter in New Hampshire would have to work 136 hours a week to afford the same apartment.
New Hampshire’s neighbor, Vermont, ranks 16th, requiring a wage of $23.68 per hour to afford comparable housing, while Maine ranks 24th. Massachusetts has the third highest wage required at $36.24 an hour.
Read more: https://newhampshirebulletin.com/briefs/new-hampshire-renters-need-to-earn-24-an-hour-to-afford-modest-housing-report-shows/
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