Renters in Sacramento County have to earn more than twice the state’s minimum wage to afford the average two-bedroom apartment, according to a new report.
Last year, renters would have to make at least $31.25 per hour, up from nearly $27 per hour in 2020, according to the Sacramento County Housing Need Report 2022 published on Tuesday by the nonprofit California Housing Partnership.
At the same time, average rent rose from nearly $1,400 to $1,625. The report measured rent increases from 2020 to 2021…
…The California Housing Partnership advocates for affordable housing and produces statewide data tools for housing research.
Here are other key findings from its report:
- In all 58 California counties, average asking rents rose between 2020 and 2021.
- In 33 counties, average asking rents increased by 5% or more.
- Although 24 counties saw increases in the number of affordable homes produced or preserved compared to 2020, overall in 2021 California only funded 16% of the new affordable homes the state needed.