United Way of Connecticut

The ALICE Report: Income Too Low, Housing Costs Too High

by Richard J. Porth 11/18/2014  In a newly issued report on financial hardship in Connecticut prepared for Connecticut United Ways (and United Ways in five other states), Rutgers University researchers found that 51% of all Connecticut jobs pay less than $20/hour. Compare this to the calculation by the National Low Income Housing Coalition determining that Connecticut renters have to earn more than $23/hour to afford a typical two-bedroom unit without spending more than 30% of their income on housing. Housing is the single largest – and least flexible – expense in most family budgets. Analysts agree that housing should cost no more than 30-33% of your income. However, many Connecticut families spend as much as 50% of their income on housing, leaving too few dollars… Read More »The ALICE Report: Income Too Low, Housing Costs Too High