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Article: Survey: Stamford-Norwalk has stiffest rents in nation.
- Article from:
- Stamford Advocate (Stamford, CT)
- Article date:
- December 13, 2006
CopyrightCOPYRIGHT 2006 The Stamford Advocate. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Doug Dalena
Dec. 13--The Stamford-Norwalk rental market is the least affordable in the country, according to an annual nationwide survey by a housing advocacy group. The National Low Income Housing Coalition's survey found renters must earn $30.62 per hour to afford a two-bedroom apartment in the area without spending more than 30 percent of their income on housing. The hourly wage needed for such an apartment, which costs an average of $1,592 per month, rose $1.74, or 5.7 percent, from last year. That makes renting in Stamford and Norwalk tougher than in San Francisco, last year's most expensive area, as well as Boston, New York City and ...
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