Rents are Rising Steadily
Thirty-percent or less of income spent to meet housing costs is
what the US Department of Housing and Urban Development considers affordable.
Thirty-eight percent of all renter households in Albany County
have housing costs that exceed 30% of their income. That's 19,269
households who can't afford their rent.
The 2010 HUD "fair market rent" for a 3-bedroom apartment in Albany
County is $1,046 per month and rising.
A full-time worker at minimum wage earns $1,192 per month before
taxes.
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