In 2023, households in Santa Cruz-Watsonville, CA MSA needed an hourly wage of 63.33 U.S. dollars to afford the rent of a two-bedroom apartment. It's no coincidence that the three least affordable counties in the country are located in or around the San Francisco metro area.
Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area
(in U.S. dollars)
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Hourly wages in U.S. dollars
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HMFA = HUD Metro Fair Market Rent (FMR) Area. This term indicates that a portion of the Office of Management & Budget (OMB) defined core-based statistical area is in the area to which the income limits and FMRs apply. HUD is required by OMB to alter the name of the metropolitan geographic entities it derives from the Core Based Statistical Area (CBSA) when the geography is not the same as that established by theOMB. CBSA is a collective term meaning both metro and micro.
MSA = Metropolitan Statistical Area. Geographic entities defined by OMB for use by the federal statistical agencies in collecting, tabulating, and publishing federal statistics. A metro area contains an urban core of 50,000 or more in population.
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NLIHC. (June 14, 2023). Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
NLIHC. "Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area (in U.S. dollars)." Chart. June 14, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
NLIHC. (2023). Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
NLIHC. "Hourly Wages Needed to Afford a Two-bedroom Apartment in The United States in 2023, by Metropolitan Area (in U.S. Dollars)." Statista, Statista Inc., 14 Jun 2023, https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
NLIHC, Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area (in U.S. dollars) Statista, https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/ (last visited July 22, 2024)
Hourly wages needed to afford a two-bedroom apartment in the United States in 2023, by metropolitan area (in U.S. dollars) [Graph], NLIHC, June 14, 2023. [Online]. Available: https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
