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The result is a growing housing affordability crisis, squeezing the so-called “missing middle” — people earning 80% to 120% of the median income. They’re a typical family, likely a two ...
As housing costs have continued to outpace wages, no one suffers more than minimum-wage workers. However, some places are more affordable than others and provide a better chance for low-income ...
2. Raleigh, North Carolina. Median monthly housing costs: $1,446 Employment rates: 97% Median family income: $80,978 Explore More: What Income Level Is Considered Middle Class in Your State?
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
Rank County Per capita income Median household income Median family income Population Number of households 1 Orange: $32,912 $52,981 $79,811 133,801 51,457
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