What a renter earns and what it costs to rent a two-bedroom apartment in Greater Hartford are significantly different, a study of the region’s rental market shows.
The National Low Income Housing Coalition reported a typical renter in the Hartford-West Hartford-East Hartford area makes an average of $14.58 per hour. They would need to earn $23.27 per hour (or $48,400 annually) to afford a two-bedroom apartment.
A renter would need to work 62 hours a week at the current mean average renter wage of $15.11 per hour. The report doesn’t indicate if that includes overtime pay for the hours above 40.
Greater Hartford is a more affordable market than the state as a whole. The housing wage for a two-bedroom apartment is $24.72. The annual income would be $41,420.
