Out of Reach 2013 Minnesota

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1 Out of Reach 2013 Minnesota In Minnesota, the Fair Market Rent (FMR) for a two-bedroom apartment is $836. In order to afford this level of rent and utilities without paying more than 30% of on housing a household must earn $2,786 monthly or $33,438 annually. Assuming a 40-hour work week, 52 weeks per year, this level of translates into a Housing Wage of: $16.08 In Minnesota, a minimum wage worker earns an hourly wage of $7.25, which is the federal minimum wage. In order to afford the FMR for a two-bedroom apartment, a minimum wage earner must work 89 hours per week, 52 weeks per year. Or a household must include 2.2 minimum wage earners working 40 hours per week year-round in order to make the two-bedroom FMR affordable. The median household for Minnesota renters is $29,311, which is equivalent to a single full time worker earning $14.09 per hour working 40 hours per week, all year round. At this level, a household could afford a rent of only $733 per month without paying more than 30% of their for housing. Monthly Rent Affordable to Selected Income Levels, Compared with Two-Bedroom Fair Market Rent (FMR), Minnesota Two-Bedroom FMR $836 Median Family Income Household $1,870 Median Income Renter Household Extremely Low Income Household Minimum Wage Earner SSI Recipient $733 $561 $377 $213 $0 $500 $1,000 $1,500 $2,000 1

2 Weekly Hours a Renter Must Work to Afford a 2-Bedroom Apartment at the Minimum Wage Kittson Roseau Marshall Lake of the Woods Koochiching ND Pennington Red Lake Polk Norman Mahnomen Clearwater Beltrami Hubbard Itasca Saint Louis Lake Cook Lake Superior Clay Becker Cass Wilkin Otter Tail Wadena Crow Wing Aitkin Carlton SD Traverse Big Stone Grant Pipestone Murray Rock Stevens Nobles Douglas Pope Jackson Todd Stearns Martin Morrison Benton Pine Isanti Chisago Sherburne Swift Anoka Kandiyohi Wright Meeker Lac Qui ParleChippewa Washington Hennepin Ramsey McLeod Carver Yellow Medicine Renville Scott Dakota Sibley Lincoln Lyon Redwood Goodhue NicolletLe Sueur Rice Brown Wabasha Cottonwood Blue Earth SteeleDodge Olmsted Watonwan Waseca Faribault Mille Lacs Freeborn Kanabec Mower WI Fillmore Winona Houston Weekly Work Hours Minnesota Statewide: 89 Data: Out of Reach 2013, National Low Income Housing Coalition and Minnesota Housing Partnership. Map created by Minnesota Housing Partnership. IA 2

3 Housing Wage: Required Hourly Wage to Afford a Two-Bedroom Apartment at Fair Market Rent, 2013 Kittson Roseau Lake of the Woods $13.63 ND Marshall Pennington Red Lake Beltrami $12.46 Polk $13.19 Clearwater Norman Mahnomen $13.23 Hubbard Clay Becker $12.29 Koochiching Itasca $14.37 Cass $12.90 Saint Louis $13.94 Lake $12.52 Cook $14.56 Lake Superior Wilkin Otter Tail Wadena Crow Wing $13.58 Aitkin Carlton $13.94 SD Mille Pine Todd Lacs Morrison Grant Douglas $13.23 $13.77 Kanabec Traverse $12.37 $15.02 $12.56 $13.15 Stevens $13.44 Benton Pope Stearns $13.44 Isanti Big Stone Chisago WI Sherburne Swift Anoka $14.5 Washington Kandiyohi Wright Meeker Lac Qui ParleChippewa $12.35 Ramsey $13.33 Hennepin McLeod Carver Yellow Medicine Renville Scott Dakota Sibley Lincoln Lyon Redwood Goodhue Brown NicolletLe Sueur Rice $14.50 $15.90 Wabasha $14.71 $13.02 $12.33 Pipestone Murray Cottonwood Waseca Blue Earth Watonwan SteeleDodge Olmsted Winona $14.71$12.69 $14 $16.12 $16.12 $13.33 Rock $12.31 Nobles Jackson Martin $12.33 Faribault Freeborn $12.06 Mower $12.88 Fillmore Minnesota Statewide: $16.08 Houston $13.44 Housing Wage - $13.02 $ $16.12 Data: Out of Reach 2013, National Low Income Housing Coalition and Minnesota Housing Partnership. Map created by Minnesota Housing Partnership. IA 3

4 Estimated Percent of Renters Unable to Afford a 2-Bedroom Apartment Kittson Roseau Marshall Lake of the Woods Koochiching ND Pennington Red Lake Polk Norman Mahnomen Clearwater Beltrami Hubbard Itasca Saint Louis Lake Cook Lake Superior Clay Becker Cass Wilkin Otter Tail Wadena Crow Wing Aitkin Carlton SD Traverse Big Stone Grant Lyon Swift Pipestone Murray Rock Stevens Nobles Douglas Pope Redwood Todd Renville Jackson Stearns Kandiyohi Meeker Lac Qui ParleChippewa Yellow Medicine Lincoln Martin Morrison Sibley Benton NicolletLe Sueur Rice Brown Pine Isanti Chisago Sherburne Anoka Wright Washington Ramsey Hennepin McLeod Carver Faribault Mille Lacs Scott Freeborn Kanabec Dakota Goodhue Cottonwood Blue Earth SteeleDodge Olmsted Watonwan Waseca Mower WI Wabasha Fillmore Winona Houston Percent 37-49% 50-54% 55-70% Minnesota Statewide: 55% Data: Out of Reach 2013, National Low Income Housing Coalition and Minnesota Housing Partnership. Map created by Minnesota Housing Partnership. IA 4

5 Affording a Modest 2-Bedroom Apartment in Minnesota: Out of Reach BR Fair Market Rent (FMR) Income needed to afford 2BR Wage needed (Housing Wage) Work hours/ week at min. wage needed Estimated pct of renters unable to afford Estimated household Rent affordable at Pct of median renter needed for 2BR MINNESOTA STATE $836 $33,438 $ % $29,311 $ % NON-METRO AREAS $668 $26,729 $ % $24,973 $ % MN METRO AREAS Duluth MSA $725 $29,000 $ % $21,271 $ % Fargo MSA $639 $25,560 $ % $24,163 $ % Grand Forks MSA $686 $27,440 $ % $25,099 $ % La Crosse MSA $699 $27,960 $ % $25,630 $ % Mankato-North Mankato MSA $765 $30,600 $ % $27,937 $ % Minneapolis-St. Paul- Bloomington MSA $920 $36, % $33,215 $ % Rochester HMFA $838 $33,520 $ % $33,030 $ % St. Cloud MSA $699 $27,960 $ % $25,729 $ % Wabasha County HMFA $641 $25,640 $ % $21,622 $ % COUNTIES Aitkin $626 $25, % $25,038 $ % Anoka $920 $36, % $35,777 $ % Becker $626 $25, % $22,248 $ % Beltrami $648 $25,920 $ % $26,815 $670 97% Benton $699 $27,960 $ % $22,664 $ % Big Stone $626 $25, % $22,508 $ % Blue Earth $765 $30,600 $ % $24,739 $ % Brown $626 $25, % $26,022 $651 96% Carlton $725 $29,000 $ % $19,232 $ % Carver $920 $36, % $34,127 $ % Cass $671 $26,840 $ % $27,611 $690 97% Chippewa $626 $25, % $25,887 $647 97% Chisago $920 $36, % $29,477 $ % Clay $639 $25,560 $ % $24,163 $ % Clearwater $626 $25, % $21,075 $ % Cook $757 $30,280 $ % $28,521 $ % Cottonwood $626 $25, % $22,881 $ % Crow Wing $706 $28,240 $ % $25,264 $ % Dakota $920 $36, % $38,692 $967 95% Dodge $838 $33,520 $ % $31,785 $ % Douglas $643 $25,720 $ % $26,045 $651 99% Faribault $626 $25, % $21,216 $ % Fillmore $626 $25, % $26,000 $650 96% Freeborn $627 $25,080 $ % $25,236 $631 99% Goodhue $754 $30,160 $ % $24,792 $ % Grant $626 $25, % $20,416 $ % Hennepin $920 $36, % $33,073 $ % Houston $699 $27,960 $ % $25,630 $ % Hubbard $626 $25, % $23,385 $ % Isanti $920 $36, % $30,674 $ % Itasca $747 $29,880 $ % $22,813 $ % Jackson $626 $25, % $34,097 $852 73% Kanabec $781 $31,240 $ % $28,315 $ % Kandiyohi $642 $25,680 $ % $22,868 $ % Kittson $626 $25, % $25,757 $644 97% Koochiching $626 $25, % $19,814 $ % 5

6 Affording a Modest 2-Bedroom Apartment in Minnesota: Out of Reach BR Fair Market Rent (FMR) Income needed to afford 2BR Wage needed (Housing Wage) Work hours/ week at min. wage needed Estimated pct of renters unable to afford Estimated household Rent affordable at Pct of median renter needed for 2BR Lac qui Parle $626 $25, % $32,244 $806 78% Lake $651 $26,040 $ % $25,744 $ % Lake of the Woods $709 $28,360 $ % $18,731 $ % Le Sueur $677 $27,080 $ % $30,908 $773 88% Lincoln $626 $25, % $23,685 $ % Lyon $626 $25, % $24,339 $ % Mahnomen $688 $27,520 $ % $17,147 $ % Marshall $626 $25, % $32,741 $819 76% Martin $641 $25,640 $ % $23,549 $ % McLeod $693 $27,720 $ % $32,589 $815 85% Meeker $754 $30,160 $ % $25,615 $ % Mille Lacs $716 $28,640 $ % $21,983 $ % Morrison $626 $25, % $23,876 $ % Mower $670 $26,800 $ % $23,928 $ % Murray $626 $25, % $29,909 $748 84% Nicollet $765 $30,600 $ % $35,928 $898 85% Nobles $626 $25, % $24,761 $ % Norman $626 $25, % $28,055 $701 89% Olmsted $838 $33,520 $ % $33,118 $ % Otter Tail $626 $25, % $22,659 $ % Pennington $626 $25, % $20,085 $ % Pine $688 $27,520 $ % $25,400 $ % Pipestone $626 $25, % $26,632 $666 94% Polk $686 $27,440 $ % $25,099 $ % Pope $684 $27,360 $ % $29,452 $736 93% Ramsey $920 $36, % $29,124 $ % Red Lake $626 $25, % $22,657 $ % Redwood $626 $25, % $26,984 $675 93% Renville $626 $25, % $25,666 $642 98% Rice $827 $33,080 $ % $28,461 $ % Rock $640 $25,600 $ % $22,794 $ % Roseau $626 $25, % $27,202 $680 92% Scott $920 $36, % $40,243 $1,006 91% Sherburne $920 $36, % $30,074 $ % Sibley $626 $25, % $30,184 $755 83% St. Louis $725 $29,000 $ % $21,496 $ % Stearns $699 $27,960 $ % $26,587 $ % Steele $728 $29,120 $ % $29,070 $ % Stevens $653 $26,120 $ % $23,409 $ % Swift $626 $25, % $22,703 $ % Todd $626 $25, % $18,914 $ % Traverse $626 $25, % $24,572 $ % Wabasha $641 $25,640 $ % $21,622 $ % Wadena $626 $25, % $17,553 $ % Waseca $660 $26,400 $ % $28,965 $724 91% Washington $920 $36, % $40,119 $1,003 92% Watonwan $626 $25, % $28,042 $701 89% Wilkin $626 $25, % $28,838 $721 87% Winona $693 $27,720 $ % $18,429 $ % Wright $920 $36, % $31,962 $ % Yellow Medicine $626 $25, % $28,360 $709 88% For more information and data notes, contact Leigh Rosenberg, Minnesota Housing Partnership, or lrosenberg@mhponline.org, or see "How to Use the Numbers/Where the Numbers Come From" on the National Low Income Housing Coalition (NLIHC) 2013 Out of Reach page at 6