Each year, the National Low Income Housing Coalition comes out with a new report on how much renters need to make in the U.S. in order to comfortably afford a place to live — and in Orlando, affordability isn’t getting any better.
Although rents aren’t spiking as quickly as they were a few years ago, renters in the Orlando metro still need to make at least $33 an hour to afford the average one-bedroom apartment, or roughly $69,000 per year, according to the housing nonprofit’s new report titled “Out of Reach.”
That income requirement is up a couple of dollars per hour from last year, when Orlando renters needed to make at least $31.50 an hour to comfortably afford a one-bedroom apartment, or $35.71 an hour to afford a two-bedroom rental…