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Macoupin County
Quick Hit
by Ellyn Fortino
3:54pm
Wed May 25, 2016

Illinois Renters Must Earn Nearly $20 An Hour To Afford A Modest Two-Bedroom Apartment, Report Finds

Minimum wage earners in Illinois must work 97 hours a week, year round to afford a modest, two-bedroom apartment in the state, according to the annual "Out of Reach" report for 2016.

The National Low Income Housing Coalition and Housing Action Illinois jointly released the report, which shows that the gap between wages and rents continues to widen both nationally and in Illinois.

The Fair Market Rent (FMR) price for a two-bedroom unit in Illinois is $1,039, up from $977 last year. That means Illinois renters must now earn $19.98 per hour, or at least $41,567 annually, to afford a two-bedroom apartment without paying more than 30 percent of their income on housing. 

Overall, Illinois has the nation's 16th most expensive two-bedroom housing wage. Nationally, the average wage necessary to afford a modest, two-bedroom rental is $20.30.

PI Original
by Ellyn Fortino
6:58pm
Wed May 20, 2015

Illinois Renters Must Earn $18.78 Hourly To Afford A Two-Bedroom Apartment, Report Finds

The gap between wages and rents continues to widen in Illinois and nationally, shows a new report from the National Low Income Housing Coalition.