Virginia's High Cost of Housing Highlighted
According to a national report recently released that provides data on the cost of rental housing for every county, metropolitan area and state in the nation, the Housing Wage for Virginia is $19.63. The Housing Wage is the hourly wage a family must earn - working 40 hours a week, 52 weeks a year - to be able to afford rent and utilities in the private housing market. Virginia's Housing Wage has increased 54% since 2000, the 10th largest increase among the states.
This year, Virginia is the eleventh most expensive state in the nation for renters. The National Housing Wage is $18.44 in 2010.
The report, Out of Reach 2010, was jointly released by the National Low Income Housing Coalition (NLIHC), a Washington, DC-based housing policy organization, and the Virginia Housing Coalition (VHC). The report provides the Housing Wage and other data for every state, metropolitan area, combined non metropolitan area, and county in the country.
"Again the Out of Reach data demonstrates that it is becoming more difficult for low income families to find decent homes they can afford in Virginia," said Orlando Artze, President of the Virginia Housing Coalition. "The recession has only made a bad situation worse. We must act now to ensure that low income families have access to the safe and affordable housing they so desperately need.