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Top related persons:
Income Housing Coalition Andrew Aurand - 1 Ron Feldman - 1 Andrew Aurand - 1
Top related locs:
San Francisco Boston Minneapolis Wall Silicon New York City Itasca U.S
Top related orgs:
Income Housing Coalition - 2 Bloomberg - 1 Service - 1 US Bureau of Labor Statistics - 1 Minneapolis - 1 CNBC - 1 Minneapolis Fed - 1 National - 1

Search resuls for: "Andrew Aurand"


2 mentions found


☆ If you want to find affordable housing, you might want to try Minneapolis, where the inflation rate is surprisingly low
  + stars: | 2023-08-10 | by ( Sebastian Cahill | ) www.businessinsider.com   time to read: +2 min
Minneapolis is the first major metropolitan area to have inflation rates below the Fed's 2% target. According to Bloomberg, Minneapolis hit the goal in May with an inflation rate of 1.8%. The rate is likely due to aggressive legislating to address soaring housing costs in the city. While Minneapolis residents spent 39.9% of their monthly income on housing costs, their co-parts in San Francisco paid 46.7% of their monthly income to housing; residents of Boston shelled out a whopping 60.7% of their income for housing costs, per Bloomberg. People ideally would spend around 30% of their income on housing, senior vice president of the National Low Income Housing Coalition Andrew Aurand, told CNBC.
Persons: Income Housing Coalition Andrew Aurand, Ron Feldman Organizations: Bloomberg, Service, US Bureau of Labor Statistics, Minneapolis, CNBC, Income Housing Coalition, Minneapolis Fed Locations: Minneapolis, Wall, Silicon, San Francisco, Boston, New York City, Itasca
☆ This map shows how much money renters in every state need to earn to afford a 2-bedroom apartment
  + stars: | 2023-06-14 | by ( Annie Nova | ) www.cnbc.com   time to read: +1 min
A full-time worker in the U.S. needs to make $28.58 an hour, on average, to afford the rent on a modest two-bedroom apartment in their area. In California, Hawaii, Massachusetts and New York, full-time workers must earn more than $40 an hour to do so. They'd have to be paid $61.31 an hour in San Francisco to afford a two-bedroom apartment rental, and $50.67 an hour in Boston, according to a new report by the National Low Income Housing Coalition. "This is a problem," said Andrew Aurand, senior vice president of research at the NLIHC. "Research shows that families struggling to pay their housing costs sacrifice other necessities like food, health care and educational needs."
Persons: Andrew Aurand Organizations: National, Income Housing Coalition, Finance, Social Security, Research Locations: U.S, California, Hawaii , Massachusetts, New York, San Francisco, Boston
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