Housing wage and affordability: two-bedroom unit in Massachusetts 2011

Published by Statista Research Department, Jun 30, 2011
The statistic shows various figures regarding affordable housing in Massachusetts in 2011 - how much the inhabitants earn, the costs of a two-bedroom unit, and the amount that one must earn in order to afford the Fair Market Rent of such accommodation. The estimated mean-renter hourly wage in this state was 16.17 U.S. dollars.

Wages earned and wages necessary to afford a two-bedroom apartment at Fair Market Rent in Massachusetts in 2011 (in U.S. dollars)

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Source

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Release date

June 2011

Region

United States

Survey time period

2011

Number of respondents

145,974 respondents

Method of interview

Face-to-face interview

Supplementary notes

* Area Median Income; data for Fiscal Year 2011.
** Fair Market Rent; data for Fiscal Year 2011.
*** Mean-renter wages based on 2009 BLS data, adjusted using the ratio of renter to overall household income reported in American Community Survey 2005-2009 and projected to April 1, 2011.
"Affordable" rents represent the generally accepted standard of spending not more than 30 percent of gross income on gross housing costs.

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