Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

Vermont

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	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
Vermont	17,392	$ 419	$ 513	$ 684	$ 933	$ 1,126	$ 48,900	$ 31,753	$ 20,520	$ 27,360	42%	56%	65%	86%	34%	44%	$ 9.87	$ 13.15	192%	255%	77	102	Vermont
METRO AREA																							METRO AREA
Burlington, VT	17,392	$ 419	$ 513	$ 684	$ 933	$ 1,126	$ 48,900	$ 31,753	$ 20,520	$ 27,360	42%	56%	65%	86%	34%	44%	$ 9.87	$ 13.15	192%	255%	77	102	Burlington, VT

Town/City Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
Town/City	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	Town/City
Burlington city	Burlington, VT MSA	8,773	$ 25,523	$ 19,654	$ 20,520	$ 27,360	80%	107%	104%	139%	52%	64%	Burlington city
Charlotte	Burlington, VT MSA	188	$ 51,004	$ 31,300	$ 20,520	$ 27,360	40%	54%	66%	87%	35%	45%	Charlotte
Colchester	Burlington, VT MSA	1,486	$ 39,308	$ 27,848	$ 20,520	$ 27,360	52%	70%	74%	98%	39%	50%	Colchester
Essex	Burlington, VT MSA	1,573	$ 44,372	$ 28,569	$ 20,520	$ 27,360	46%	62%	72%	96%	38%	49%	Essex
Georgia	Burlington, VT MSA	133	$ 40,259	$ 24,000	$ 20,520	$ 27,360	51%	68%	86%	114%	44%	58%	Georgia
Grand Isle	Burlington, VT MSA	156	$ 33,790	$ 26,716	$ 20,520	$ 27,360	61%	81%	77%	102%	40%	51%	Grand Isle
Hinesburg	Burlington, VT MSA	227	$ 40,359	$ 32,812	$ 20,520	$ 27,360	51%	68%	63%	83%	33%	43%	Hinesburg
Jericho	Burlington, VT MSA	192	$ 51,969	$ 20,412	$ 20,520	$ 27,360	39%	53%	101%	134%	51%	64%	Jericho
Milton	Burlington, VT MSA	404	$ 36,694	$ 22,699	$ 20,520	$ 27,360	56%	75%	90%	121%	45%	62%	Milton
Richmond	Burlington, VT MSA	272	$ 42,177	$ 28,432	$ 20,520	$ 27,360	49%	65%	72%	96%	38%	49%	Richmond
Shelburne	Burlington, VT MSA	370	$ 52,311	$ 35,731	$ 20,520	$ 27,360	39%	52%	57%	77%	31%	40%	Shelburne
South Burlington city	Burlington, VT MSA	1,469	$ 42,358	$ 33,620	$ 20,520	$ 27,360	48%	65%	61%	81%	32%	41%	South Burlington city
South Hero	Burlington, VT MSA	128	$ 36,894	$ 25,603	$ 20,520	$ 27,360	56%	74%	80%	107%	41%	53%	South Hero
St. George	Burlington, VT MSA	30	$ 35,000	$ 30,830	$ 20,520	$ 27,360	59%	78%	67%	89%	35%	45%	St. George
Williston	Burlington, VT MSA	297	$ 45,182	$ 29,664	$ 20,520	$ 27,360	45%	61%	69%	92%	37%	47%	Williston
Winooski city	Burlington, VT MSA	1,694	$ 26,888	$ 22,069	$ 20,520	$ 27,360	76%	102%	93%	124%	48%	63%	Winooski city

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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