A recent city report highlights Madison`s housing affordability and availability issues, including the fact that 47% (including college students) can`t afford their housing.
Someone earning the state minimum wage of $7.25 per hour would have to work 168.5 hours per week to afford Madison`s median rent ($1,466), according to a recent city report.
There are only 168 hours in a week.
"That statistic was included in the report because the impossibility is the point," says Jaymes Langrehr, public information officer for the City of Madison’s Department of Planning, Community and Economic Development. He`s referencing the 2024 Housing Strategy Committee`s recommendations on housing supply and affordability. "Someone making minimum wage mathematically cannot work enough hours to afford Madison’s median rent without becoming considered housing cost-burdened (spending more than 30% of their household income on housing)."...
There are only 168 hours in a week.
"That statistic was included in the report because the impossibility is the point," says Jaymes Langrehr, public information officer for the City of Madison’s Department of Planning, Community and Economic Development. He`s referencing the 2024 Housing Strategy Committee`s recommendations on housing supply and affordability. "Someone making minimum wage mathematically cannot work enough hours to afford Madison’s median rent without becoming considered housing cost-burdened (spending more than 30% of their household income on housing)."...
Ken Notes:We have been suggesting this for four years now. Until we sit down with developers, builders, and city planners -- not to mention the elected officials our service, retail, and entry level workers will not have a place to live anywhere near the city. We can fix this in fact we must fix this...
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- - Volume: 25 - WEEK: 4 Date: 1/24/2025 1:34:23 PM -