A nationwide housing shortage and skyrocketing property values—coupled with fewer pay raises for the general working population in recent decades—are fueling a squeeze in the rental market.
The 12 least affordable states on this list are ranked based on the number of jobs needed at an average renter’s wage to afford a modest two-bedroom unit.
Connecticut ranks the ninth least affordable state for renters. A renter who earns the average wage of $21 an hour would need to take on at least an additional part-time job at a similar rate to afford a moderately priced two-bedroom rental.