Out of Reach
VHA releases 2016 Out of Reach, Virginia remains the most expensive state in the Southeast to rent
Here are some highlights from this year’s report:
- Renters in Virginia need to earn $22.44 per hour in order to afford a basic apartment. The typical renter in Virginia earns $16.45 per hour, which is $5.99 less than the hourly wage needed to afford a modest unit.
- Virginia has the highest Housing Wage among all of the states in the Southeast and is the 10th least affordable state in the nation.
Working at the minimum wage in Virginia, a family must have 3.1 wage earners working full-time, or one full-time earner working 116 hours per week to afford a modest two-bedroom apartment.
Click here to view the full report that includes maps showing how the housing wage varies across the state, percent of renters that can afford a modest unit in different localities, and the number of hours a worker would need to work at a minimum wage to afford a modest unit among other affordability metrics.
2015 Out of Reach Report
Click here to view the full report from 2015.