MHC Report - When Work Doesn't Pay: The Challenge of Housing Our Essential Workforce

From Louisville Metro Housing:

Wages and Housing Costs
In the Metro Louisville region, a full-time (40
hours per week) worker must earn $11.48 per hour
in order to afford a 2-bedroom apartment.

Twelve of the twenty fastest growing occupations in
the Louisville region do not provide workers with
incomes that enable them to rent a 2-bedroom
apartment. These include retail salesperson, child
care worker, and home health aide.

One third of renters in the Metro Louisville region
pay more than 30 percent of their incomes on
housing, an excessive housing cost burden.

The rent for a 2-bedroom apartment would consume
44% of a child care worker’s monthly income.

A teacher assistant with median level earnings
in that field can afford to pay $455 a month for
housing in Metro Louisville. The current fair market
rent for a 1-bedroom apartment is $503.

Fire fighters in the city of Louisville Metro earning
median wages can afford to purchase a home valued
at about $94,000, which excludes them from buying
a median priced home in 13 of the 26 Metro Council
Districts

http://www.metropolitanhousing.org/i...?article_id=95