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Work hours per week at minimum wage needed to afford a 2-Bedroom apartment

This indicator shows the amount of hours at minimum wage a household must work in a week in order to afford a rental unit with 2 bedrooms at the area™s Fair Market Rent (FMR), based on the generally accepted affordability standard of paying no more than 30% of income for housing costs. From these calculations the hourly wage a worker must earn to afford the FMR for a two-bedroom home is derived. This figure is the Housing Wage. Today more than 38 million households rent their homes, 1.9 million more than in 2007. The current rate of homeownership (66.5%) is now at the lowest level since 1998. And with the foreclosure crisis and recession on the one hand and the aging of the baby boom and the coming of age of the echo boom on the other, the demand for rental housing is only projected to grow.

  • Tarrant
  • Measurement Period: 2006-2010
Work hours per week at minimum wage needed to afford a 2-Bedroom apartment
91.5
TX VALUE
(87.6)
TREND
RANGE: 61.9<104.9

Understanding the color Range

Each Health Indicator includes five-color range indexes. The color range index compares all counties in the state that have the same indicator in the same timeframe. It then calculates where the selected county falls in that range and displays the color that best reflects how the county is doing in comparison to the other counties in the filtered group. The range displays the highest and lowest county values within the state that have the same indicator for the same measurement period.

Current county values will be compared to State and National values if they are available.

Green and red arrows indicate that the county value is better or worse than the state or national value. The arrows will change directions and colors based on which end of the range is positive.
This icon simply means that the county value is equal to the state or national value.
Some indicators display blue, which means the data is not meant for health-status comparison, but is intended simply to provide information.
If history data is available the trend icon will point up or down based on its relationship to the last county value.
History
Dimensions 2006-2010
Dimension Low Value High Number of Counties Compared
Interventions
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Source
National Low Income Housing Coalition