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Report shows wages continue to lag behind Indiana’s rental market
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Indiana Public Radio
The average wage needed for Hoosiers to comfortably rent an apartment continues to climb.
A new report on housing affordability in Indiana finds renters now need to make more than $24 an hour to rent a two-bedroom unit.
The current average wage of renters in Indiana is about $19 an hour.
“It takes more and more for Hoosier renters to be able to afford a modest two-bedroom rental home,” Clemons said.
The report also finds affordability crunch reaches all regions of the state, although areas around urban areas are more expensive.