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High rents make Bay Area tenants most stressed in the country
High rents make Bay Area tenants most stressed in the country
Low wage workers need four full-time jobs to make rent in some cities
By LOUIS HANSEN | lhansen@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: July 15, 2020 at 6:00 a.m. | UPDATED: July 16, 2020 at 7:02 a.m.
The Bay Area is the least affordable region in the country for low- and moderate-income renters, with San Francisco, San Mateo and Marin counties topping the list, according to a new report.
Santa Clara, Alameda and Contra Costa counties also remain among the top 10 most income-stressing spots in the country, according to an analysis released Tuesday by the National Low Income Housing Coalition.
The average worker in the most expensive Bay Area counties needs to make $64 an hour to afford a two-bedroom — about 5 percent higher than last year. The heavy housing costs mean a minimum wage worker needs the equivalent of four, full-time jobs to make rent and have enough left for food and family expenses.
“This report is a clarion call for the action we need to take,” said Amie Fishman, executive director of the Non-Profit Housing Association of Northern California. The organization has teamed with more than 100 housing advocacy groups in requesting more vigorous federal aid to meet affordable housing needs made worse during the COVID-19 pandemic.
{snip}
Louis Hansen | Business reporter
Louis Hansen covers Tesla and renewable energy for the Bay Area News Group and is based at The Mercury News. He's won national awards for his investigations and feature stories. Prior to joining the organization, he was an enterprise reporter at The Virginian-Pilot, where he covered state government, the military and criminal justice.
lhansen@bayareanewsgroup.com Follow Louis Hansen @HansenLouis
Low wage workers need four full-time jobs to make rent in some cities
By LOUIS HANSEN | lhansen@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: July 15, 2020 at 6:00 a.m. | UPDATED: July 16, 2020 at 7:02 a.m.
The Bay Area is the least affordable region in the country for low- and moderate-income renters, with San Francisco, San Mateo and Marin counties topping the list, according to a new report.
Santa Clara, Alameda and Contra Costa counties also remain among the top 10 most income-stressing spots in the country, according to an analysis released Tuesday by the National Low Income Housing Coalition.
The average worker in the most expensive Bay Area counties needs to make $64 an hour to afford a two-bedroom — about 5 percent higher than last year. The heavy housing costs mean a minimum wage worker needs the equivalent of four, full-time jobs to make rent and have enough left for food and family expenses.
“This report is a clarion call for the action we need to take,” said Amie Fishman, executive director of the Non-Profit Housing Association of Northern California. The organization has teamed with more than 100 housing advocacy groups in requesting more vigorous federal aid to meet affordable housing needs made worse during the COVID-19 pandemic.
{snip}
Louis Hansen | Business reporter
Louis Hansen covers Tesla and renewable energy for the Bay Area News Group and is based at The Mercury News. He's won national awards for his investigations and feature stories. Prior to joining the organization, he was an enterprise reporter at The Virginian-Pilot, where he covered state government, the military and criminal justice.
lhansen@bayareanewsgroup.com Follow Louis Hansen @HansenLouis
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