
Report: MN rental affordability worst in the Midwest
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Finding a decent, affordable place to live in Minnesota isn’t getting any easier, according to a new national study, showing that Minnesota falls dead last out of a dozen Midwestern states in rental affordability. The report says Minnesota rents have increased 32 percent in the last decade, and as much as 56 percent in some rural counties. Leigh Rosenberg, research and outreach manager with the Minnesota Housing Partnership (MHP), says the gap between what a wage earner should be making in order to afford rental housing, and the reality of what such a person actually earns, is growing. “A family would either have to have 2.2 minimum-wage earners working full-time, or one person at the minimum wage would have to work 87 hours per week, to be able to afford a modest two-bedroom apartment here in our state.” According to MHP, to be able to afford rent and utilities for a safe, modest two-bedroom apartment in the private housing market, a Minnesota worker must earn almost $16 per hour, 40 hours a week, year-round. Continue Reading