With all the focus being on homes, it was easy for me to completely forget about the cost of renting.
For households with children, rising housing costs, elevated unemployment and stagnant earnings are increasingly placing rent beyond reach.
The National Alliance to End Homelessness analyzed recent nationwide statistics and found that the number of homeless people who are part of a family climbed 1.4 percent in January 2012 from the prior year. This is despite the fact homeless numbers declined.
Extremely low-income households could afford to spend no more than $495 a month on an apartment this year, while the national two-bedroom fair-market rent was $977.
According to data from Trulia.com, rents rose 3.5 percent nationally through Aug. 31, from a year earlier.
Nationally, the average hourly wage among renters is $14.32 this year compared with the $18.79 needed to afford an apartment at a fair-market rent…
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