Report: R.I.’s ‘housing wage’ climbs to $14.24 per hour, $46.9K per year

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THE AFFORDABILITY of renting in Rhode Island continues to decrease. The state's 'housing wage' is now $46,885 for a two-bedroom apartment. / PBN FILE PHOTO/ MARY MACDONALD
PROVIDENCE – The amount of money a Rhode Islander has to earn to afford an apartment continues to climb. A new national report puts the income at $3,907 a month, or $46,885 annually. The fair market rent for a two-bedroom apartment in Rhode Island reached $1,172, up from $1,102 last year, according to Out of…

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