Haas Center

Out of Reach: Housing Affordability by Florida MSA

By Amy Newburn on September 11, 2018

Monthly Housing Costs, Calculated by Median Wages and FMR
The U.S. Department of Housing and Urban Development (HUD) annually estimates the fair market rent (FMRs)  by home type for Office of Management and Budget (OMB) defined metropolitan areas. For this exercise, we utilized HUD'S FMR for a two-bedroom by MSA. We then calculated the monthly housing cost for that unit if a renter earned the median hourly wages (as reported by BLS).
Hours Worked at Median Wages to Afford Rent

Tags:      blog