The housing wage for Fair Market Rent (FMR) areas in each District. The one-bedroom or two-bedroom housing wage is the wage a full-time worker must earn in order to afford a one-bedroom or two-bedroom FMR apartment, respectively, without spending more than 30% of his or her income on rent,
The number of hours a person needs to work at minimum wage in order to afford a FMR two-bedroom apartment, and
Information on housing cost burdens and the shortage of affordable and available rental units by income group, using Comprehensive Housing Affordability Strategy (CHAS) data. CHAS provides custom tabulations of Census data focusing on housing needs and problems. NLIHC will integrate new 2008-2012 CHAS data into the Congressional District Profiles after a revised version of CHAS is released by HUD this fall.
In the State of New Jersey, 26% of renter households have extremely low income, the housing wage to afford a 2-bedroom apartment is $25.17 and there is a shortage of 210,481 of units affordable and available for extremely low income renters.