May 5, 2011 – (RealEstateRama) — American renters on average must earn at least $18.46 an hour to afford a modest apartment, yet the average renter makes just $13.52 an hour. This is the finding of Out of Reach 2011, a report released annually by the National Low Income Housing Coalition (NLIHC) that shows the mismatch between the rents available across the country and what low income renters can really afford.
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