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National Low Income Housing Coalition Out of Reach ReportCity of Dubuque City Council Meeting Action Items # 04. Copyrighted August 15, 2022 ITEM TITLE: National Low Income Housing Coalition Out of Reach Report SUMMARY: City Manager submitting information to City Council about the 2020-2022 City Council Goal & Priority: Quality Affordable Housing Creation. SUGGESTED Suggested Disposition: Receive and File DISPOSITION: ATTACHMENTS: Description Type National Low Income Housing Coalition Out of Reach City Manager Memo Report-MVM Memo Staff Memo Out of Reach Report for Iowa Staff Memo Supporting Documentation THE C DUjIBQTE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: National Low Income Housing Coalition Out of Reach Report DATE: August 11, 2022 Dubuque WAWca 914 ii 2007-2012.2013 2017*2019 Housing and Community Development Director Alexis Steger is submitting information to City Council about the 2020-2022 City Council Goal & Priority: Quality Affordable Housing Creation. v Mic ael C. Van Milligen MCVM:sv Attachment CC' Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Alexis Steger, Housing & Community Development Director THE C Dubuque DUUB_-'&_FE_E MI-A eeriea Cigr tia.uF Masterpiece on the Mississippi 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Alexis M. Steger, Housing and Community Development Director SUBJECT: National Low Income Housing Coalition Out of Reach Report DATE: August 11, 2022 Background The City Council identified quality affordable housing creation as a goal and priority for 2020-2022. The National Low Income Housing Coalition releases information on an annual basis that compares average wages with average cost of housing. This information is presented by State and then broken down into larger metropolitan areas/counties. Discussion According to the National Low Income Housing Coalition Out of Reach Report (OOR), the Dubuque Metropolitan Statistical Area hourly wage to afford a 2-bedroom rental unit at the fair market rent of $834/mo is $16.04 or an annual income of $33,360. The average wage for a renter household is only $14.08, which would only support $735/mo in rent. For the City of Dubuque, 50% of the Area Median Income (AMI) for a 2-person household is only $31,550. Fair Market Rent (FMR) is an all-inclusive amount, which includes all rent and utilities for the month. Therefore, any utility not covered by a landlord would subtract from the monthly rent to meet the fair market rent. FMR is recalculated by the U.S. Department of Housing and Urban Development (HUD) each year driven by Area Median Incomes and is not representative of market conditions. The City of Dubuque has extremely low vacancy rates, which can cause rents to increase. As of today, available 2-bedroom units are: • 385 Bradley Street - $1,200/mo tenant pays all utilities separate • Fifteenth St Apartments - $631/Mo (Low Income Housing Tax Credit Property) • 2987 Jackson Street - $1,100/Mo • 2749 '/2 Broadway - $575/mo tenant pays all utilities separate • 497 Locust - $1,075/mo • 1908 Judson - $835/mo tenant pays electric and water (all electric appliances) The two options that are at or below FMR, are required to be at or below FMR based on tax credits provided or rehabilitation using federal funds from the City of Dubuque. All other properties available are well above the FMR. To afford the available units, a renter would need to make $44,000 annually to pay the $1,100/mo. This equates to $21.15/hr wage required to afford rental housing in Dubuque. This is $7.07 more per hour than the average wage in Dubuque to afford housing. This highlights the need for additional housing units overall to drive the rental market back to reasonable fair market rents as calculated by HUD. Recommendation This memo is for informational purposes only; no action is required at this time. In Iowa, the Fair Market Rent (FMR) for a two -bedroom apartment is $860. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,868 monthly or $34,415 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: FACTS ABOUT IOWA: STATE FACTS Minimum Wage $7.25 Average Renter Wage $16.00 2-Bedroom Housing Wage $16.55 Number of Renter Households 366,974 Percent Renters 29% HOUSING MOST EXPENSIVE AREAS WAGE Iowa City HMFA $20.44 Omaha -Council Bluffs HMFA $18.73 Muscatine County $18.17 Ames HMFA $18.13 Des Moines -West Des Moines HMFA $17.98 MSA = Metropolitan Statistical Area: HMFA = HUD Metro FMR Area. *Ranked from Highest to Lowest 2-Bedroom Housing Wage. Includes District of Columbia and Puerto Rico. 91 Work Hours Per Week At Minimum Wage To Afford a 2-Bedroom Rental Home (at FMR) 2.3 Number of Full -Time Jobs At Minimum Wage To Afford a 2-Bedroom Rental Home (at FMR) $16*55 PER HOUR STATE HOUSING WAGE 73 Work Hours Per Week At Minimum Wage To Afford a 1-Bedroom Rental Home (at FMR) 1.8 Number of Full -Time Jobs At Minimum Wage To Afford a 1-Bedroom Rental Home (at FMR) Two bedroom FMR $860 One bedroom FMR $684 Rent affordable at area median income (AMI) Rent affordable with full-time $$32 job paying mean renter wage Rent affordable at 30% of AMI $660 Rent affordable with full-time $377 job paying minimum wage Rent affordable to SSI recipient $252 $2,201 OUT OF REACH 2O22 10 NATIONAL LOW INCOME HOUSING COALITION Iowa FY22 HOUSING HOUSING COSTS WAGE AREA MEDIAN INCOME (AMI) RENTERS Full-time Full-time Annual jobs at Monthly jobs at mean income minimum Monthly rent Estimated rent renterwage Hourly wage needed wage needed Monthly rent affordable Renter %oftotal hourly mean affordable needed to necessary to afford 2 BR to afford to afford 2 Annual affordable 30% at 30% households households renter wage at mean afford 2 BR 2BR1FMR 2 FMR 2BRFMR BRFMR3 AMI4 atAMls of AMI of AMI (2016-2020) (2016-2020) (2022) renter wage FMR Iowa $16.55 $860 $34,415 2.3 $88,049 $2,201 $26,415 $660 366,974 29% $16.00 $832 1.0 Combined Nonmetro Areas $14.92 $776 $31,031 2.1 $78,099 $1,952 $23,430 $586 131,498 26% $14.37 $747 1.0 Metropolitan Areas Ames HMFA $18.13 $943 $37,720 2.5 $111,100 $2,778 $33,330 $833 17,294 46% $14.89 $774 1.2 Benton County HMFA $14.21 $739 $29,560 2.0 $90,000 $2,250 $27,000 $675 1,873 18% $11.77 $612 1.2 Boone County HMFA $15.58 $810 $32,400 2.1 $86,100 $2,153 $25,830 $646 2,357 22% $13.14 $683 1.2 Bremer County HMFA $15.40 $801 $32,040 2.1 $95,600 $2,390 $28,680 $717 1,634 17% $12.01 $625 1.3 Cedar Rapids HMFA $15.65 $814 $32,560 2.2 $89,400 $2,235 $26,820 $671 23,461 26% $16.95 $881 0.9 Davenport -Moline -Rock Island MSA $15.48 $805 $32,200 2.1 $87,200 $2,180 $26,160 $654 20,148 30% $14.13 $735 1.1 Des Moines -West Des Moines HMFA $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 78,804 31% $20.13 $1,047 0.9 Dubuque MSA $16.04 $834 $33,360 2.2 $87,500 $2,188 $26,250 $656 10,273 27% $14.08 $732 1.1 Iowa City HMFA $20.44 $1,063 $42,520 2.8 $109,000 $2,725 $32,700 $818 25,018 41% $12.14 $631 1.7 Jasper County HMFA $14.56 $757 $30,280 2.0 $78,500 $1,963 $23,550 $589 3,694 25% $13.48 $701 1.1 Jones County HMFA $14.21 $739 $29,560 2.0 $83,400 $2,085 $25,020 $626 1,753 21% $12.43 $647 1.1 Omaha -Council Bluffs HMFA $18.73 $974 $38,960 2.6 $95,100 $2,378 $28,530 $713 14,247 29% $13.69 $712 1.4 Sioux City MSA $16.73 $870 $34,800 2.3 $86,100 $2,153 $25,830 $646 12,885 33% $14.70 $765 1.1 Washington County HMFA $16.29 $847 $33,880 2.2 $84,000 $2,100 $25,200 $630 2,776 31% $12.91 $671 1.3 Waterloo -Cedar Falls HMFA $17.10 $889 $35,560 2.4 $89,800 $2,245 $26,940 $674 19,259 33% $16.84 $876 1.0 Counties Adair County $14.21 $739 $29,560 2.0 $81,600 $2,040 $24,480 $612 967 30% $12.98 $675 1.1 Adams County $16.06 $835 $33,400 2.2 $74,500 $1,863 $22,350 $559 312 19% $16.25 $845 1.0 Allamakee County $14.21 $739 $29,560 2.0 $76,500 $1,913 $22,950 $574 1,183 20% $13.81 $718 1.0 t Wage data notavailable (See Appendix B). 1: BR =Bedroom 2: FMR = Fiscal Year 2022 Fair Market Rent. 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2022 Area Median Income 5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs. OUT OF REACH 2O22 1 © NATIONAL LOW INCOME HOUSING COALITION IA-2 Iowa FY22 HOUSING WAGE HOUSING COSTS AREA MEDIAN INCOME (AMI) RENTERS Full-time Full-time Annual jobs at Monthly jobs at mean Hourly wage income needed minimum wage needed Monthly rent Monthly rent affordable Renter %oftotal Estimated hourly mean rent affordable renterwage needed to necessary to afford 2 BR to afford to afford 2 Annual affordable 30% at 30% households households renter wage at mean afford 2 BR 2BR1FMR2 FMR 2BRFMR BRFMR3 AMI4 atAMls of AMI of AMI (2016-2020) (2016-2020) (2022) renter wage FMR Appanoose County $14.21 $739 $29,560 2.0 $59,000 $1,475 $17,700 $443 1,434 28% $11.95 $621 1.2 Audubon County $14.21 $739 $29,560 2.0 $68,900 $1,723 $20,670 $517 672 25% $13.52 $703 1.1 Benton County $14.21 $739 $29,560 2.0 $90,000 $2,250 $27,000 $675 1,873 18% $11.77 $612 1.2 Black Hawk County $17.10 $889 $35,560 2.4 $89,800 $2,245 $26,940 $674 18,331 34% $16.72 $869 1.0 Boone County $15.58 $810 $32,400 2.1 $86,100 $2,153 $25,830 $646 2,357 22% $13.14 $683 1.2 Bremer County $15.40 $801 $32,040 2.1 $95,600 $2,390 $28,680 $717 1,634 17% $12.01 $625 1.3 Buchanan County $15.35 $798 $31,920 2.1 $86,400 $2,160 $25,920 $648 1,605 20% $10.38 $540 1.5 Buena Vista County $14.52 $755 $30,200 2.0 $77,500 $1,938 $23,250 $581 2,691 35% $18.42 $958 0.8 Butler County $14.21 $739 $29,560 2.0 $78,500 $1,963 $23,550 $589 1,397 23% $12.36 $643 1.2 Calhoun County $14.21 $739 $29,560 2.0 $75,700 $1,893 $22,710 $568 874 21% $11.25 $585 1.3 Carroll County $14.21 $739 $29,560 2.0 $88,900 $2,223 $26,670 $667 2,061 24% $11.87 $617 1.2 Cass County $14.21 $739 $29,560 2.0 $73,800 $1,845 $22,140 $554 1,612 27% $10.83 $563 1.3 Cedar County $15.75 $819 $32,760 2.2 $93,300 $2,333 $27,990 $700 1,464 20% $12.46 $648 1.3 Cerro Gordo County $15.79 $821 $32,840 2.2 $80,300 $2,008 $24,090 $602 5,918 30% $15.65 $814 1.0 Cherokee County $14.21 $739 $29,560 2.0 $81,200 $2,030 $24,360 $609 1,391 26% $11.29 $587 1.3 Chickasaw County $14.21 $739 $29,560 2.0 $86,500 $2,163 $25,950 $649 916 18% $13.45 $699 1.1 Clarke County $16.33 $849 $33,960 2.3 $70,700 $1,768 $21,210 $530 1,214 31% $10.55 $549 1.5 Clay County $14.77 $768 $30,720 2.0 $75,200 $1,880 $22,560 $564 2,398 32% $13.10 $681 1.1 Clayton County $14.37 $747 $29,880 2.0 $75,500 $1,888 $22,650 $566 2,013 27% $16.24 $844 0.9 Clinton County $15.33 $797 $31,880 2.1 $75,800 $1,895 $22,740 $569 5,036 26% $12.51 $651 1.2 Crawford County $14.21 $739 $29,560 2.0 $79,300 $1,983 $23,790 $595 1,955 31% $15.74 $818 0.9 Dallas County $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 9,833 28% $20.97 $1,090 0.9 Davis County $14.21 $739 $29,560 2.0 $89,200 $2,230 $26,760 $669 489 15% $11.38 $592 1.2 Decatur County $14.21 $739 $29,560 2.0 $62,500 $1,563 $18,750 $469 1,147 35% $11.88 $618 1.2 Delaware County $14.21 $739 $29,560 2.0 $84,500 $2,113 $25,350 $634 1,180 17% $12.32 $641 1.2 Des Moines County $16.81 $874 $34,960 2.3 $74,400 $1,860 $22,320 $558 5,111 30% $11.60 $603 1.4 t Wage data not available (See Appendix B). 1: BR = Bedroom 2: FMR = Fiscal Year 2022 Fair Market Rent. 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2022 Area Median Income 5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs. OUT OF REACH 2O22 1 © NATIONAL LOW INCOME HOUSING COALITION IA-3 Iowa FY22 HOUSING WAGE HOUSING COSTS AREA MEDIAN INCOME (AMI) RENTERS Full-time Full-time Annual jobs at Monthly jobs at mean Hourly wage income needed minimum wage needed Monthly rent Monthly rent affordable Renter %oftotal Estimated hourly mean rent affordable renterwage needed to necessary to afford 2 BR to afford to afford 2 Annual affordable 30% at 30% households households renter wage at mean afford 2 BR 2BR1FMR 2 FMR 2BRFMR BRFMR3 AMI4 atAMls of AMI of AMI (2016-2020) (2016-2020) (2022) renter wage FMR Dickinson County $16.79 $873 $34,920 2.3 $87,700 $2,193 $26,310 $658 1,877 22% $11.25 $585 1.5 Dubuque County $16.04 $834 $33,360 2.2 $87,500 $2,188 $26,250 $656 10,273 27% $14.08 $732 1.1 Emmet County $14.21 $739 $29,560 2.0 $78,500 $1,963 $23,550 $589 851 21% $13.61 $708 1.0 Fayette County $14.21 $739 $29,560 2.0 $69,600 $1,740 $20,880 $522 2,121 26% $11.95 $622 1.2 Floyd County $14.21 $739 $29,560 2.0 $77,300 $1,933 $23,190 $580 1,848 27% $13.09 $680 1.1 Franklin County $14.21 $739 $29,560 2.0 $71,400 $1,785 $21,420 $536 1,239 30% $18.57 $966 0.8 Fremont County $14.21 $739 $29,560 2.0 $77,900 $1,948 $23,370 $584 688 23% $16.98 $883 0.8 Greene County $14.21 $739 $29,560 2.0 $77,500 $1,938 $23,250 $581 1,095 27% $14.72 $765 1.0 Grundy County $17.10 $889 $35,560 2.4 $89,800 $2,245 $26,940 $674 928 18% $19.12 $994 0.9 Guthrie County $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 839 19% $12.90 $671 1.4 Hamilton County $15.54 $808 $32,320 2.1 $83,600 $2,090 $25,080 $627 1,553 25% $16.03 $834 1.0 Hancock County $14.21 $739 $29,560 2.0 $80,200 $2,005 $24,060 $602 981 20% $14.43 $751 1.0 Hardin County $14.21 $739 $29,560 2.0 $77,900 $1,948 $23,370 $584 1,863 26% $14.26 $742 1.0 Harrison County $18.73 $974 $38,960 2.6 $95,100 $2,378 $28,530 $713 1,599 26% $13.29 $691 1.4 Henry County $14.96 $778 $31,120 2.1 $74,800 $1,870 $22,440 $561 2,055 27% $14.02 $729 1.1 Howard County $14.21 $739 $29,560 2.0 $76,500 $1,913 $22,950 $574 856 23% $14.15 $736 1.0 Humboldt County $14.21 $739 $29,560 2.0 $79,300 $1,983 $23,790 $595 1,055 25% $13.16 $684 1.1 Ida County $14.21 $739 $29,560 2.0 $83,600 $2,090 $25,080 $627 724 24% $15.29 $795 0.9 Iowa County $14.21 $739 $29,560 2.0 $81,100 $2,028 $24,330 $608 1,304 20% $13.65 $710 1.0 Jackson County $14.21 $739 $29,560 2.0 $83,700 $2,093 $25,110 $628 1,564 19% $10.53 $547 1.4 Jasper County $14.56 $757 $30,280 2.0 $78,500 $1,963 $23,550 $589 3,694 25% $13.48 $701 1.1 Jefferson County $14.98 $779 $31,160 2.1 $66,600 $1,665 $19,980 $500 2,084 30% $13.85 $720 1.1 Johnson County $20.44 $1,063 $42,520 2.8 $109,000 $2,725 $32,700 $818 25,018 41% $12.14 $631 1.7 Jones County $14.21 $739 $29,560 2.0 $83,400 $2,085 $25,020 $626 1,753 21% $12.43 $647 1.1 Keokuk County $14.21 $739 $29,560 2.0 $76,500 $1,913 $22,950 $574 941 22% $10.87 $565 1.3 Kossuth County $14.21 $739 $29,560 2.0 $75,200 $1,880 $22,560 $564 1,686 26% $16.37 $851 0.9 t Wage data not available (See Appendix B). 1: BR = Bedroom 2: FMR = Fiscal Year 2022 Fair Market Rent. 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2022 Area Median Income 5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs. OUT OF REACH 2O22 1 © NATIONAL LOW INCOME HOUSING COALITION IA-4 Iowa FY22 HOUSING WAGE HOUSING COSTS AREA MEDIAN INCOME (AMI) RENTERS Full-time Full-time Annual jobs at Monthly jobs at mean Hourly wage income needed minimum wage needed Monthly rent Monthly rent affordable Renter %oftotal Estimated hourly mean rent affordable renterwage needed to necessary to afford 2 BR to afford to afford 2 Annual affordable 30% at 30% households households renter wage at mean afford 2 BR 2BR1FMR2 FMR 2BRFMR BRFMR3 AMI4 atAMls of AMI of AMI (2016-2020) (2016-2020) (2022) renter wage FMR Lee County $14.44 $751 $30,040 2.0 $70,700 $1,768 $21,210 $530 3,726 26% $13.60 $707 1.1 Linn County $15.65 $814 $32,560 2.2 $89,400 $2,235 $26,820 $671 23,461 26% $16.95 $881 0.9 Louisa County $14.21 $739 $29,560 2.0 $79,600 $1,990 $23,880 $597 1,022 24% $18.58 $966 0.8 Lucas County $16.88 $878 $35,120 2.3 $77,100 $1,928 $23,130 $578 875 24% $12.72 $661 1.3 Lyon County $14.21 $739 $29,560 2.0 $83,600 $2,090 $25,080 $627 671 15% $17.04 $886 0.8 Madison County $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 1,365 21% $11.68 $607 1.5 Mahaska County $14.37 $747 $29,880 2.0 $76,200 $1,905 $22,860 $572 2,860 32% $13.50 $702 1.1 Marion County $16.06 $835 $33,400 2.2 $84,100 $2,103 $25,230 $631 3,556 26% $20.89 $1,087 0.8 Marshall County $15.58 $810 $32,400 2.1 $76,900 $1,923 $23,070 $577 4,326 28% $15.11 $786 1.0 Mills County $18.73 $974 $38,960 2.6 $95,100 $2,378 $28,530 $713 1,142 21% $11.91 $619 1.6 Mitchell County $14.21 $739 $29,560 2.0 $77,200 $1,930 $23,160 $579 888 20% $16.48 $857 0.9 Monona County $14.21 $739 $29,560 2.0 $73,800 $1,845 $22,140 $554 1,047 26% $13.13 $683 1.1 Monroe County $14.87 $773 $30,920 2.1 $81,000 $2,025 $24,300 $608 700 22% $12.41 $646 1.2 Montgomery County $14.21 $739 $29,560 2.0 $68,300 $1,708 $20,490 $512 1,242 28% $14.29 $743 1.0 Muscatine County $18.17 $945 $37,800 2.5 $79,500 $1,988 $23,850 $596 4,239 26% $19.07 $992 1.0 O'Brien County $14.21 $739 $29,560 2.0 $80,400 $2,010 $24,120 $603 1,520 25% $11.57 $602 1.2 Osceola County $14.21 $739 $29,560 2.0 $77,100 $1,928 $23,130 $578 612 23% $15.98 $831 0.9 Page County $14.21 $739 $29,560 2.0 $72,100 $1,803 $21,630 $541 1,907 30% $12.83 $667 1.1 Palo Alto County $14.21 $739 $29,560 2.0 $79,000 $1,975 $23,700 $593 904 24% $12.70 $660 1.1 Plymouth County $14.21 $739 $29,560 2.0 $89,800 $2,245 $26,940 $674 2,399 23% $16.92 $880 0.8 Pocahontas County $14.21 $739 $29,560 2.0 $80,600 $2,015 $24,180 $605 741 24% $16.50 $858 0.9 Polk County $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 62,973 33% $20.52 $1,067 0.9 Pottawattamie County $18.73 $974 $38,960 2.6 $95,100 $2,378 $28,530 $713 11,506 31% $13.84 $719 1.4 Poweshiek County $15.35 $798 $31,920 2.1 $82,800 $2,070 $24,840 $621 2,637 34% $19.13 $995 0.8 Ringgold County $14.21 $739 $29,560 2.0 $72,400 $1,810 $21,720 $543 463 25% Sac County $14.21 $739 $29,560 2.0 $78,800 $1,970 $23,640 $591 902 21% $17.26 $898 0.8 t Wage data not available (See Appendix B). 1: BR = Bedroom 2: FMR = Fiscal Year 2022 Fair Market Rent. 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2022 Area Median Income 5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs. OUT OF REACH 2O22 1 © NATIONAL LOW INCOME HOUSING COALITION IA-5 Iowa FY22 HOUSING WAGE HOUSING COSTS AREA MEDIAN INCOME (AMI) RENTERS Full-time Full-time Annual jobs at Monthly jobs at mean Hourly wage income needed minimum wage needed Monthly rent Monthly rent affordable Renter %oftotal Estimated hourly mean rent affordable renterwage needed to necessary to afford 2 BR to afford to afford 2 Annual affordable 30% at 30% households households renter wage at mean afford 2 BR 2BR1FMR2 FMR 2BRFMR BRFMR3 AMI4 atAMls of AMI of AMI (2016-2020) (2016-2020) (2022) renter wage FMR Scott County $15.48 $805 $32,200 2.1 $87,200 $2,180 $26,160 $654 20,148 30% $14.13 $735 1.1 Shelby County $14.21 $739 $29,560 2.0 $84,400 $2,110 $25,320 $633 1,272 25% $12.67 $659 1.1 Sioux County $14.33 $745 $29,800 2.0 $90,100 $2,253 $27,030 $676 2,379 19% $10.96 $570 1.3 Story County $18.13 $943 $37,720 2.5 $111,100 $2,778 $33,330 $833 17,294 46% $14.89 $774 1.2 Tama County $14.77 $768 $30,720 2.0 $79,000 $1,975 $23,700 $593 1,611 24% $15.47 $804 1.0 Taylor County $14.21 $739 $29,560 2.0 $73,900 $1,848 $22,170 $554 475 19% $14.62 $760 1.0 Union County $14.21 $739 $29,560 2.0 $80,000 $2,000 $24,000 $600 1,440 28% $11.45 $596 1.2 Van Buren County $14.21 $739 $29,560 2.0 $67,500 $1,688 $20,250 $506 570 19% $11.16 $580 1.3 Wapello County $15.83 $823 $32,920 2.2 $65,300 $1,633 $19,590 $490 4,652 32% $15.05 $783 1.1 Warren County $17.98 $935 $37,400 2.5 $98,500 $2,463 $29,550 $739 3,794 20% $9.93 $517 1.8 Washington County $16.29 $847 $33,880 2.2 $84,000 $2,100 $25,200 $630 2,776 31% $12.91 $671 1.3 Wayne County $14.21 $739 $29,560 2.0 $67,100 $1,678 $20,130 $503 511 20% $16.21 $843 0.9 Webster County $14.21 $739 $29,560 2.0 $70,600 $1,765 $21,180 $530 4,943 32% $15.52 $807 0.9 Winnebago County $14.21 $739 $29,560 2.0 $75,900 $1,898 $22,770 $569 1,008 22% $15.37 $799 0.9 Winneshiek County $14.21 $739 $29,560 2.0 $90,900 $2,273 $27,270 $682 1,821 22% $12.06 $627 1.2 Woodbury County $16.73 $870 $34,800 2.3 $86,100 $2,153 $25,830 $646 12,885 33% $14.70 $765 1.1 Worth County $14.21 $739 $29,560 2.0 $82,100 $2,053 $24,630 $616 654 20% $14.16 $736 1.0 Wright County $14.21 $739 $29,560 2.0 $70,700 $1,768 $21,210 $530 1,500 27% $15.68 $815 0.9 t Wage data not available (See Appendix B). 1: BR = Bedroom 2: FMR = Fiscal Year 2022 Fair Market Rent. 3: This calculation uses the higher of the county, state, or federal minimum wage, where applicable. 4: AMI = Fiscal Year 2022 Area Median Income 5: Affordable rents represent the generally accepted standard of spending not more than 30% of gross income on gross housing costs. OUT OF REACH 2O22 1 © NATIONAL LOW INCOME HOUSING COALITION IA-6