(RECAP: An annual housing affordability report from the Richmond-based Virginia Housing Alliance and the National Low Income Housing Coalition puts into numbers what some in Richmond may be feeling. According to the report, a worker earning minimum wage–$7.25 an hour–would need to work 104 hours every week to afford a two bedroom apartment in the Richmond region. That’s really better than the statewide average (124 hours). The annual “Out of Reach” report bridges the two sides of the equation by framing housing costs in terms of hourly wages and annual salaries. It calculates a “housing wage,” or the hourly pay a full-time worker would need to earn in order to afford a two-bedroom rental unit at honest market rent.
Virginia has the eleventh highest housing wage in the country at $22.44.)

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