The National Low Income Housing Coalition tracks rent, wages, and other numbers, eventually tallying them up in reports that show how affordable apartments are across the country.
What’s the situation like in Cleveland, an area that by all standards should have reasonably affordable rentals available to a struggling population? Not great, not bad.
In the Cleveland-Elyria-Mentor metro areas, the NLIHC says “Fair Market Rent” for a two-bedroom join is $720. They also define affordable rent as not more than 30% of your income. After the jump, the details on how much you need to make and how many hours you have to work to make a lovely abode a reality without bleeding into your discretionary funds (for booze, smokes, cable, etc.)
This article appears in May 4-10, 2011.
This is a big concern? Cleveland focuses how easy it is to live for free or how to manipulate how much you make in order to live tax free, get a tax refund, free housing, free buses, free food, free health insurance (911 on speed dial) missa fireman can i get a whoop whoop.
Breed fo dollas yo! C-Town id da pace 2 b
“missa fireman can i get a whoop whoop.
Breed fo dollas yo!”
awesome.
the ignorance shown here is amazing
I don’t know how you can even write this as comparable data.
The markets are so different a crossed the greater Cleveland area. . . and you have to treat them as independent entities. Of course the data you are comparing are going to skew because you cant honestly compare Elyria to Downtown Cleveland rent …. or Euclid to North Olmsted rent. You just CAN’T.
Also, you have to factor in all the independent apartments run by 1 owner and not a management company. Most of those go for $500-650 for a two bedroom (think Lakewood duplex).
I’m curious about your process and what kind of data you are comparing to and from what kind of apartment communities. Too many variables.