Out of Reach

 
Out of Reach:

Rental Housing At What Cost?

October, 1998
Alaska
(Tables are wide. Scroll to the right.) >>
State and Metro Area Data
 
   
 
      
Income Needed to Afford FMR
% Renters unable to afford FMR
Hourly Wage Needed to Afford
Percent of Federal Minimum Wage (@$5.15)
Work Hours/week Necessary at Minimum Wage
  
 
1990 RENTER HOUSEHOLDS
FAIR MARKET RENTS BY NUMBER OF BEDROOMS
 1998 Area Median Income (HUD) 
1998 Estimated Renter Median Income
Amount
Percent of AMI
% of Renter median
 
Zero 
One 
Two 
Three 
Four 
One
Bedroom
Two 
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One 
Bedroom
Two 
Bedroom
  
Alaska
39,038 
$ 487 
$ 575 
$ 763 
$ 1,061 
$ 1,253 
$ 59,200 
$ 36,800 
$ 23,000 
$ 30,520 
39%
52%
63%
83%
33%
43%
$ 11.06 
$ 14.67 
215%
285%
86
114
 Alaska
METRO AREA                                             METRO AREA
Anchorage
39,038 
$ 487 
$ 575 
$ 763 
$ 1,061 
$ 1,253 
$ 59,200 
$ 36,800 
$ 23,000 
$ 30,520 
39%
52%
63%
83%
33%
43%
$ 11.06 
$ 14.67 
215%
285%
86
114
 Anchorage, AK

County Data
 

         
Income Needed to Afford FMR
      
   
Renter Households, 1990 
1998 Area Median Income (HUD)
1998 Estimated Renter Median Income
Amount
Percent of AMI
Estimated % of Renter median
Estimated % Renters unable to afford FMR
County
County 
Metro Area
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two 
Bedroom
  
Anchorage Borough  Anchorage
39,038 
$ 59,200 
$ 36,800 
$ 23,000 
$ 30,520 
39%
52%
63%
83%
33%
43%
Anchorage Borough 

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.
 

NOTES:
  • FMR = Fair Market Rent 
  • AMI = Area Median Income, determined by HUD 
  • HUD = Department of Housing and Urban Development 
  • EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income 
  • Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs. 
  • % Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent. 
  • Wage calculations are based on a 40 hour week for 52 weeks per year. 
  • The federal minimum wage is $5.15/hour. 
  • Rows are shaded for navigational purposes only.
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