A family earning the median income in Lincoln could easily afford a two-bedroom apartment, according to a report released this week.
The report from Apartment List, a website that that helps people find rental housing, found that Lincoln residents would need an annual income of $34,120 to afford a median-priced two-bedroom apartment without spending more than 30% of their gross income.
That’s well below Lincoln’s median household income of $54,788. However, it’s well above what someone earning the state’s minimum wage of $9 an hour would make. According to the report, a person would need to make $16 an hour to afford a two-bedroom apartment in Lincoln.
In Omaha, a household would need to earn $34,640 to afford a median-priced two-bedroom apartment.
Overall, the report said that renters with median incomes would have trouble affording apartments in 24 of the 100 largest U.S. cities.
You can see the full report at: www.apartmentlist.com/rentonomics
Lincoln Journal Star – April 11, 2019