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Thursday, July 16, 2020
Hawaii Highest Market Rent for 2br Apartment
By News Release @ 4:51 AM :: 2754 Views :: Hawaii Statistics, Cost of Living

Out of Reach 2020: Hawaii

From National Low Income Housing Coalition, July, 2020

How Much do you Need to Earn to Afford a Modest Apartment in Your State?  (map)

In Hawaii, the Fair Market Rent (FMR) for a two-bedroom apartment is $2,015—the highest in USA.

In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $6,718 monthly or $80,613 annually.

Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $38.76.

read … Full Report

HNN: Renting a 2-bedroom in Hawaii? Data shows what you really need to make hourly

PBN: Report: Hawaii has the highest housing wage in the US

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