Housing Facts
How bad is it? Who does it affect? Why should we care?
Housing Affordability Issues affect us ALL… young adults, single adults, families, seniors, and businesses…
Housing costs have increased 3½ times faster than wages since 2000.
A person must earn $23.37 an hour to afford the rent of a modest 2 bedroom apt in CT. This “housing wage” is estimated with a household paying 30% of their income for housing costs. A Connecticut household must earn $48,619 a year to afford a typical 2 bedroom rental.
Young professionals are leaving Connecticut at very high & unacceptable rates… higher than many other states in the country.
Workers are adversely affected with rising costs for housing and transportation… many pay more than 45% of their income for housing and transportation costs.
The labor pool is shrinking and can become unstable. As a result, businesses suffer. This creates economic instability.
Typical occupations of workers in Connecticut that earn less than the state’s average housing wage include:
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Below you will find fact sheets that are available to use as handouts for land use policymakers and helpful links to partner websites.
Occupations Earning Less Than The Housing Wage
2009 “Out of Reach” Report for Connecticut Counties
Website: Partnerships for Strong Communities
Website: 2008 Housing Fact Sheets
Website: Market Statistics
The links above with the PDF icons requires Adobe Acrobat Reader to view, and/or print. If you do not have Adobe Reader, please download this free software from the following link: Download Adobe Reader.
The Eastern Connecticut Association of REALTORS®
Radio ads airing or previously aired on WICH, WCTY, WNLC and WKNL
5 Connecticut Avenue