#34
North Carolina
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State Facts
Minimum Wage
$7.25
Average Renter Wage
$14.66
2-Bedroom Housing Wage
$16.35
Number of Renter Households
1,343,669
Percent Renters
35%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$7.25/hr
Each week you
have to work
75HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | North Carolina | Alamance County |
|---|---|---|
| Total | 3,815,392 | 62,053 |
| Renter | 1,343,669 | 21,797 |
| Percent Renters | 35% | 35% |
| Housing Wage | North Carolina | Alamance County |
|---|---|---|
| Zero-Bedroom | $12.66 | $11.29 |
| One-Bedroom | $13.61 | $11.56 |
| Two-Bedroom | $16.35 | $14.50 |
| Three-Bedroom | $22.01 | $19.79 |
| Four-Bedroom | $26.72 | $21.96 |
| Fair Market Rent | North Carolina | Alamance County |
|---|---|---|
| Zero-Bedroom | $658 | $587 |
| One-Bedroom | $708 | $601 |
| Two-Bedroom | $850 | $754 |
| Three-Bedroom | $1,144 | $1,029 |
| Four-Bedroom | $1,389 | $1,142 |
| Annual Income Needed to Afford | North Carolina | Alamance County |
|---|---|---|
| Zero-Bedroom | $26,339 | $23,480 |
| One-Bedroom | $28,313 | $24,040 |
| Two-Bedroom | $34,004 | $30,160 |
| Three-Bedroom | $45,776 | $41,160 |
| Four-Bedroom | $55,576 | $45,680 |
| Minimum Wage | North Carolina | Alamance County |
|---|---|---|
| Minimum Wage | $7.25 | $7.25 |
| Rent Affordable at Minimum Wage | $377 | $377 |
| Work Hours/Week at Minimum Wage | North Carolina | Alamance County |
|---|---|---|
| Zero-Bedroom | 70 | 62 |
| One-Bedroom | 75 | 64 |
| Two-Bedroom | 90 | 80 |
| Three-Bedroom | 121 | 109 |
| Four-Bedroom | 147 | 121 |
| Renter Wage | North Carolina | Alamance County |
|---|---|---|
| Estimated Mean Renter Wage | $14.66 | $12.83 |
| Rent Affordable at Mean Renter Wage | $762 | $667 |
| Work Hours/Week at Mean Renter Wage | North Carolina | Alamance County |
|---|---|---|
| Zero-Bedroom | 35 | 35 |
| One-Bedroom | 37 | 36 |
| Two-Bedroom | 45 | 45 |
| Three-Bedroom | 60 | 62 |
| Four-Bedroom | 73 | 68 |
| Supplemental Security Income (SSI) Payment | North Carolina | Alamance County |
|---|---|---|
| SSI Monthly Payment | $750 | $750 |
| Rent Affordable to SSI Recipient | $225 | $225 |
| Income Levels | North Carolina | Alamance County |
|---|---|---|
| 30% of Area Median Income (AMI) | $19,337 | $16,530 |
| Estimated Renter Median Household Income | $32,702 | $29,719 |
| Rent Affordable at Different Income Levels | North Carolina | Alamance County |
|---|---|---|
| 30% of Area Median Income (AMI) | $483 | $413 |
| Estimated Renter Median Household Income | $818 | $743 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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