- Associated Press - Tuesday, May 19, 2015

PROVIDENCE, R.I. (AP) - A housing advocacy group says Rhode Island households must earn $18.49 per hour to afford a two-bedroom apartment in the Ocean State.

That’s according to a national report released Tuesday by the National Low Income Housing Coalition. It says Rhode Island is the 18th least affordable state for renters.

The reports says a Rhode Island household must earn $3,204 monthly or $38,452 annually to afford a two-bedroom apartment at the fair-market rent of $961. This amount is determined by the U.S. Department of Housing and Urban Development.

That’s equivalent to an hourly wage of $18.49. The state’s minimum wage is $9 per hour.

Rhode Island Coalition for the Homeless Executive Director Jim Ryczek says this means either the minimum wage must be raised or the cost of housing must be lowered and subsidized.

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