How much do you have to earn to rent a bedroom in each US state?

Rent is becoming more and more affordable in the US, especially for those who don’t like living with roommates. For example, in New York City, Average cost of renting a one bedroom increased by 46.7% year-on-year.

And New York isn’t even the state where renters need to earn the most to pay for a one-bedroom rental.

and A recent report on the state of affordable housingThe United Way of the National Capital Area used data from the National Low Income Housing Coalition (NLIHC) to determine the annual income required to pay for both one- and two-bedroom rentals nationwide.

United Way defines affordable housing as affordable for households earning between 0% and 50% of the local median annual income. Depending on the state, the annual income required to pay for a one-bedroom rent ranges from about $24,500 to about $64,600.

Here are the minimum income required to pay for a one-bedroom rental in all 50 states, and the median actual income renters make in each location.

Alabama

Annual income required to rent a one-bedroom: $27,100

Average Household Income of Tenants: $30,668

Alaska

Annual income required to rent a one-bedroom: $38,005

Average Tenant Household Income: $56,286

Arizona

Annual income required to rent a one-bedroom: $37,593

Average Tenant Household Income: $42,511

Arkansas

Annual income required to rent a one-bedroom: $24,587

Average Tenant Household Income: $31,886

California

Annual income required to rent a one-bedroom: $64,615

Average Tenant Household Income: $56,378

colorado

Annual income required to rent a one-bedroom: $46,148

Average Tenant Household Income: $49,179

connecticut

Annual income required to rent a one-bedroom: $46,096

Average Tenant Household Income: $44,771

Delaware

Annual income required to rent a one-bedroom: $38,439

Average Tenant Household Income: $43,616

florida

Annual income required to rent a one-bedroom: $41,953

Average Tenant Household Income: $41,337

Georgia

Annual income required to rent a one-bedroom: $34,864

Average Tenant Household Income: $40,111

Hawaii

Annual income required to rent a one-bedroom: $60,027

Average Tenant Household Income: $60,215

Idaho

Annual income required to rent a one-bedroom: $28,644

Average Tenant Household Income: $36,558

Illinois

Annual income required to rent a one-bedroom: $38,891

Average Tenant Household Income: $40,623

Indiana

Annual income required to rent a one-bedroom: $27,932

Average Tenant Household Income: $34,285

Iowa

Annual income required to rent a one-bedroom: $26,227

Average Tenant Household Income: $35,771

Kansas

Annual income required to rent a one-bedroom: $27,774

Average Tenant Household Income: $38,426

kentucky

Annual income required to rent a one-bedroom: $26,205

Average Tenant Household Income: $32,359

Louisiana

Annual income required to rent a one-bedroom: $30,756

Average Tenant Household Income: $29,979

maine

Annual income required to rent a one-bedroom: $34,992

Average Tenant Household Income: $34,153

Maryland

Annual income required to rent a one-bedroom: $49,860

Average Tenant Household Income: $53,894

Massachusetts

Annual income required to rent a one-bedroom: $61,163

Average Tenant Household Income: $49,546

Michigan

Annual income required to rent a one-bedroom: $30,590

Average Tenant Household Income: $34,728

Minnesota

Annual income required to rent a one-bedroom: $36,189

Average Tenant Household Income: $41,414

Mississippi

Annual income required to rent a one-bedroom: $26,227

Average Tenant Household Income: $29,358

Missouri

Annual income required to rent a one-bedroom: $27,602

Average Tenant Household Income: $35,632

Montana

Annual income required to rent a one-bedroom: $28,715

Average Tenant Household Income: $36,087

Nebraska

Annual income required to rent a one-bedroom: $27,801

Average Tenant Household Income: $38,707

Nevada

Annual income required to rent a one-bedroom: $36,897

Average Tenant Household Income: $44,034

new hampshire

Annual income required to rent a one-bedroom: $39,978

Average Tenant Household Income: $46,042

new jersey

Annual income required to rent a one-bedroom: $54,677

Average Tenant Household Income: $50,446

new mexico

Annual income required to rent a one-bedroom: $35,814

Average Tenant Household Income: $33,417

New York

Annual income required to rent a one-bedroom: $60,962

Average Tenant Household Income: $48,924

north carolina

Annual income required to rent a one-bedroom: $32,439

Average Tenant Household Income: $37,246

north dakota

Annual income required to rent a one-bedroom: $27,653

Average Tenant Household Income: $42,634

Ohio

Annual income required to rent a one-bedroom: $27,351

Average Tenant Household Income: $34,355

Oklahoma

Annual income required to rent a one-bedroom: $26,790

Average Tenant Household Income: $35,531

Oregon

Annual income required to rent a one-bedroom: $43,321

Average Tenant Household Income: $42,991

pennsylvania

Annual income required to rent a one-bedroom: $33,661

Average Tenant Household Income: $37,588

rhode island

Annual income required to rent a one-bedroom: $38,711

Average Tenant Household Income: $37,469

south carolina

Annual income required to rent a one-bedroom: $32,239

Average Tenant Household Income: $35,209

south dakota

Annual income required to rent a one-bedroom: $25,167

Average Tenant Household Income: $35,455

Tennessee

Annual income required to rent a one-bedroom: $30,475

Average Tenant Household Income: $35,589

texas

Annual income required to rent a one-bedroom: $37,841

Average Tenant Household Income: $43,372

Utah

Annual income required to rent a one-bedroom: $34,761

Average Tenant Household Income: $45,915

Vermont

Annual income required to rent a one-bedroom: $39,178

Average Tenant Household Income: $37,254

Virginia

Annual income required to rent a one-bedroom: $43,501

Average Tenant Household Income: $53,175

Washington

Annual income required to rent a one-bedroom: $49,877

Average Tenant Household Income: $52,592

west virginia

Annual income required to rent a one-bedroom: $25,214

Average Tenant Household Income: $27,921

Wisconsin

Annual income required to rent a one-bedroom: $29,896

Average Tenant Household Income: $37,825

wyoming

Annual income required to rent a one-bedroom: $28,493

Average Tenant Household Income: $42,634

In 11 states—California, Connecticut, Florida, Louisiana, Maine, Massachusetts, New Jersey, New York, Oregon, Rhode Island, and Vermont—renters earning median income for their area do not meet the income requirement.

Of these 11, Massachusetts has the largest deficit. Rent a one-bedroom requires her annual income to be above $61,000, while the median household income for renters is less than $50,000.

Some cities also have large deficits, United Way reveals. In San Francisco, he would need to earn $116,000 to buy a one-bedroom at fair market value, but the median renter’s income he’s only $93,303, a difference of more than $22,000. .

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https://www.cnbc.com/2022/09/27/how-much-you-need-to-earn-to-afford-1-br-rental-in-every-us-state.html How much do you have to earn to rent a bedroom in each US state?

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