r/Eugene • u/RottenSpinach1 • Nov 24 '24
Oregon's Housing Crisis News
"To avoid experiencing a rent burden, a renter should spend no more than 30% of their monthly income on housing costs. With the average cost of a one-bedroom apartment at $1,254 in 2023, a person would need to earn $50,166 to avoid experiencing a rent burden. Anyone earning less than this amount would be rent burdened by the cost of a typical apartment. About 48% of occupational groups have average wages meeting this definition and will account for 44% of job creation projected through 2032."
The full report has other really grim stats:
https://www.oregon.gov/ohcs/about-us/Pages/state-of-the-state-housing.aspx
158 Upvotes
7
u/Dan_D_Lyin Nov 24 '24
Most property managers require you to make at least 3x the rent, not to mention the outrageous deposits.
If only 50% of people can get into housing, at some point you'd think they'd have to drop the rent, or risk apartments sitting empty.