Out of Reach 2012 - National Low Income Housing Coalition

Alaska
FY12 HOUSING WAGE
HOUSING COSTS
AREA MEDIAN INCOME (AMI)
RENTER HOUSEHOLDS
Hourly wage
necessary to
afford 2 BR
FMR
Twobedroom
1
FMR
Income needed
to afford
2 BR FMR
Full-time jobs
at minimum
wage needed to
afford 2 BR FMR
Annual
AMI
Rent
affordable
at AMI
30%
of AMI
2 3 4
Rent
affordable
at 30%
of AMI
Number
(2006-2010)
% of total
households
(2006-2010)
Estimated
mean renter
hourly wage
(2012)
Rent
affordable
at mean
wage
Full-time jobs
at mean renter
wage needed to
afford 2 BR FMR
Skagway Municipality Census Area $19.44 $1,011 $40,440 2.5 $88,400 $2,210 $26,520 $663
158 41% $15.99 $831 1.2
Southeast Fairbanks Census Area $16.71 $869 $34,760 2.2 $63,600 $1,590 $19,080 $477
864 35% $36.83 $1,915 0.5
Valdez-Cordova Census Area $14.90 $775 $31,000 1.9 $73,900 $1,848 $22,170 $554
1,113 28% $15.48 $805 1.0
Wade Hampton Census Area $13.19 $686 $27,440 1.7 $37,200 $930 $11,160 $279
609 35% $13.39 $696 1.0
Wrangell City and Borough Census Area $14.40 $749 $29,960 1.9 $55,900 $1,398 $16,770 $419
212 21% $11.89 $618 1.2
Yakutat City and Borough $17.73 $922 $36,880 2.3 $89,900 $2,248 $26,970 $674
100 39% $14.99 $780 1.2
Yukon-Koyukuk Census Area $13.50 $702 $28,080 1.7 $47,800 $1,195 $14,340 $359
658 31% $20.72 $1,077 0.7
1: FMR = Fiscal Year 2012 Fair Market Rent (HUD, 2011). 2: AMI = Fiscal Year 2012 Area Median Income (HUD, 2011).
3: "Affordable" rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs
4: The federal standard for extremely low income households. Does not include HUD-specific adjustments.
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