In 2024, households in Santa Cruz-Watsonville, CA MSA needed an hourly wage of almost 78 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 2024, by metropolitan area
(in U.S. dollars)
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 27, 2024). Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by metropolitan area (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 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 2024, by metropolitan area (in U.S. dollars)." Chart. June 27, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
NLIHC. (2024). Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by metropolitan area (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 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 2024, by Metropolitan Area (in U.S. Dollars)." Statista, Statista Inc., 27 Jun 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 2024, by metropolitan area (in U.S. dollars) Statista, https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/ (last visited November 21, 2024)
Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by metropolitan area (in U.S. dollars) [Graph], NLIHC, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/203412/us-two-bedroom-housing-wage-by-metro-area/
