Study: Stamford-Norwalk has most expensive rentals

The Stamford-Norwalk area was cited in a new study as the nation?s most expensive renter?s market.The ?Out of Reach? report, by the National Low Income

BRIDGEPORT - The Stamford-Norwalk area was cited in a new study as the nation?s most expensive renter?s market.

The ?Out of Reach? report, by the National Low Income Housing Coalition, states that renters would have to make almost $32 an hour to reside in Stamford.

Meanwhile, Bridgeport ranks as the third most expensive area to live in Connecticut, and renters would need to earn $23 an hour to live in the area. In Milford, it drops slightly to $21 an hour.

All of the figures in the report are for affordable housing. Experts say one solution to lower the rent is to greatly increase the amount of affordable housing units. However, those experts say it will likely get worse before it gets better.

Chart of How Much Renters Have to Make forHousing"Out of Reach" Report on RentalsList of Towns Included in ReportWho Can Afford to Live Where

advertisement | advertise on News 12

Trending Video

Crews worked Thursday to recover the wreckage of 1 Crews recover East Haven plane wreckage; victims identified
2 Connecticut Sportscast, Feb. 23
Weston Animal Control officers say a small family 3 Coyote attacks small dog in Weston
We asked Bronx residents if they believe in 4 Word on the Street: Extraterrestrial life
Police say a red pickup truck was speeding 5 Police: 2 killed, 1 injured in Stamford crash

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE