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Friendly reminder that Charlottesville/Albemarle County is one of the most expensive areas in the state.
$24.27 is the hourly rated needed to afford a 2 bedroom fair market rent priced apartment in FY20.
$24.27 is the hourly rated needed to afford a 2 bedroom fair market rent priced apartment in FY20.
In fy20, FMR for a 2 bedroom was $1,262. A person (or people) would need $50,480 in annual income to afford that apartment.
A family would need 3.3 full-time jobs at minimum wage to afford a 2 bedroom apartment here at FMR.
A family would need 3.3 full-time jobs at minimum wage to afford a 2 bedroom apartment here at FMR.
The estimated hourly mean renter wage in 2020 is/was $16.33. The monthly rent affordable at mean renter wage is $849.
If it isn't clear, I'm listening to the joint Albemarle Board of Supervisors and Planning Commission meeting about the affordable housing policy.
Supervisor Diantha McKeel said they need to partner with developers to utilize school/county owned properties to build housing.
Supervisor Diantha McKeel said they need to partner with developers to utilize school/county owned properties to build housing.
