State housing officials say it鈥檚 increasingly difficult for low-income wage earners to find affordable housing 鈥� because most rental units are priced outside of their means.
Almost half of renters in Colorado are considered to be rent burdened 鈥� meaning they are spending 30% or more of their monthly income on housing. That鈥檚 across all income levels鈥� but the burden becomes especially heavy for those who earn less than the state鈥檚 median salary of $55,735 a year.
鈥淎s you might expect, we find the majority of these, a bare majority 鈥� 51% of people who are rent-burdened - are found down at the $20,000 per year level or lower,鈥� says Colorado Division of Housing spokesman Ryan McMaken.
One big challenge for those at the lowest income levels is the lack of affordable units 鈥� but McMaken says the availability varies by region. Boulder and Ft. Collins/Loveland have the greatest mismatch between the need for affordable rentals and their availability. Grand Junction, Pueblo and Greeley had the best ratio of affordable housing to need.