The Greenville News has published an article about the National Low Income Housing Coalition’s ‘Out of Reach’ Report and what it costs to be able to afford to rent a home in South Carolina.
The Fair Market Rent for a two-bedroom apartment in South Carolina is $1,004. For people in the state to afford rent and utilities without paying more than 30% of their income on housing must earn at least $3,346 monthly or $40,147 annually, according to the ‘Out of Reach’ report by NLIHC.
The ‘Out of Reach’ report shows significant gaps between renters’ wages and the cost of rental housing across the nation. Renters will the lowest income have challenges finding affordable housing.
Photo copyright: Out of Reach