Clark County residents must make $38 an hour to afford a two-bedroom apartment — a $5 jump from last year.
That’s according to the National Low Income Housing Coalition’s Out of Reach report released Thursday.
The annual data compares median salaries to rental prices in Washington counties. This year’s report highlighted the growing gap between affordable housing and income for Washington residents, especially Clark County residents.
In Clark County, fair market rent on a two-bedroom apartment averages $2,024, according to the report. The report assumes renters should spend about 30 percent of their gross income on rent to balance all cost-of-living necessities. Given that ratio, a Clark County resident would need to make an hourly wage of $38.92 — nearly $81,000 a year, according to the report. That’s a $5-an-hour jump from last year’s calculation.