The National Low Income Housing Coalition recently released its 2020 Out of Reach report. This report highlights that affordable housing is out of reach for many in Delaware.
Here are a few key findings:
Working at Delaware's minimum wage of $9.25, each week you would have to work 95 hours to afford a modest 2 bedroom rental.
The Fair Market Rent for a modest 2 bedroom unit is $1,142 in Delaware.
In order to afford a modest 2 bedroom unit, a renter must earn at least $21.96 per hour.
Delaware's housing wage of $21.96 is the 17th highest in the country.
In Delaware, you need to earn $45,669 annually to afford a modest 2 bedroom unit.
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