Wealthy Living

12 Least Affordable States for Renters

A nationwide housing shortage and skyrocketing property values—coupled with fewer pay raises for the general working population in recent decades—are fueling a squeeze in the rental market.

To assess affordability, Foothold Technology looked at rent and wage trends in each state and Washington D.C. based on the U.S. Department of Housing and Urban Development’s Fair Market Rent.

The 12 least affordable states on this list are ranked based on the number of jobs needed at an average renter’s wage to afford a modest two-bedroom unit.

Rent Affordability by State

In 49 states, along with Washington D.C. and Puerto Rico, the average renter working full time doesn't earn enough to afford HUD's definition of a moderately priced rental apartment.

North Dakota, which has enjoyed an oil and gas related boom for the last several years, is the only state that breaks this mold, according to the 2021 NLIHC report.

In almost every state in the U.S., median household incomes haven't kept up with the rate at which the median rent has risen, from the turn of the century through 2018.

12 Least Affordable States for Renters

#12. New Hampshire

New Hampshire is the 12th least affordable state for renters. It shares the Boston-Cambridge metro area with another state that landed on the ranking—Massachusetts.

#11. Florida

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