By Elyse Apel | The Center Square
Housing costs make Colorado one of the nation’s most expensive states.
This is according to a recent report from the National Low Income Housing Coalition, which listed Colorado as the sixth least affordable state in the country.
The report focused on low-income housing and affordable homes, finding that 79% of extremely low-income renters in Colorado have a “severe cost burden” when it comes to finding housing.
Extremely low-income renter households are defined as those with incomes at or below the poverty level or 30% of their area median income, whichever is greater. In Denver, that is approximately $27,400 per year.
“While Coloradans of nearly all income levels are experiencing difficulties with access to affordable housing, the circumstances continue to be most dire for those in the bottom 30% of area median income,” said Cathy Alderman, chief communications and public policy officer for the Colorado Coalition for the Homeless.