The coalition analyzes the growing gap between rental housing costs and the minimum wage. The Housing Wage rose an average of 4.61%.
Colorado ranks in the 10 top least affordable states. Families in Colorado must earn $15.23 per hour to afford a two-bedroom apartment, nearly three times the minimum wage.
''Access to affordable housing for the families that are the backbone of our economy is essential to reducing labor turnover, ensuring family stability and enhancing the quality of life of our community,'' says Mindy Klowden, executive director of the Colorado Affordable Housing Partnership.
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