Demand for Rentals is Putting the Squeeze on Low Income Renters

Housing is considered “affordable” when it costs no more than 30 percent of a household’s annual income. The U.S. Department of Housing and Urban Development estimates that nationwide, 12 million households now pay more than 50 percent of their annual income for housing. And a family with one full-time worker earning the minimum wage can’t afford the local fair-market rent for a two-bedroom apartment anywhere in the United States.

Read more here: http://www.newsobserver.com/2013/02/20/2695097/high-demand-for-rental-housing.html#storylink=cpy