ALICE

A study from United Way finds that 43 percent of U.S. households are either in poverty or Asset Limited, Income Constrained, Employed. That works out to nearly 51 million families.

The City of Yakima is 50 percent.

Update (June 14):  The Out of Reach report finds that a full-time worker spending 30 percent of their income on housing needs an average of $22.10 per hour to afford a two-bedroom apartment. But the actual hourly average for renters in the U.S. is $16.88

Update (June 19):  Referring to the Joint Center for Housing Studies report, Michael Hobbes examines six ways housing is becoming increasingly unaffordable. For example, the changing home price to income ratio:

Update (June 18, 2019):  The latest Out of Reach report shows no improvement.

A full-time worker needs to earn $22.96 an hour, on average, for a two-bedroom rental to be affordable. That’s $15.71 an hour more than the federal minimum wage, and $5.39 more than the national average renter’s wage of $17.57.

Update (July 15, 2021):  This year's Out of Reach report still shows the unaffordability of rent in almost the entire country.

[T]he average minimum wage worker must work nearly 97 hours per week (more than 2 fulltime jobs) to afford a two-bedroom rental home or 79 hours per week (almost 2 full-time jobs) to afford a one-bedroom rental home at the fair market rent.