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Fair Market Rent Affordability -- Habitat for Humanity Int'l 1
Fair Market Rent Affordability
This table compares fair market rents (FMRs), by state, to the hourly wage needed to afford the rent, and weekly work hours necessary at the current minimum wage to pay the rent. Housing "affordability" is defined as rent plus utilities comprising not more than 30 percent of income. (FMR and affordability guidelines set by the U.S. Department of Housing and Urban Development.)
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Hourly Wage Needed to
Afford Fair Market Rent
(@ 40 hrs/wk)
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FMR by Number
of Bedrooms
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State
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1 BR FMR
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2 BR FMR
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1 BR FMR
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2 BR FMR
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Alabama
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$7.07
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$8.48
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$368
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$441
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Alaska*
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$11.73
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$14.99
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$610
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$779
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Arizona
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$9.26
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$11.79
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$482
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$613
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Arkansas
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$6.56
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$8.22
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$341
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$427
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California*
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$11.87
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$14.90
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$617
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$775
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Colorado
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$9.47
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$12.38
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$492
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$644
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Connecticut*
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$11.82
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$14.74
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$615
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$767
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Delaware
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$10.66
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$12.50
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$554
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$650
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District of Columbia*
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$13.44
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$15.77
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$699
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$820
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Florida
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$9.85
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$12.08
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$512
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$628
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Georgia
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$9.35
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$11.02
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$486
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$573
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Hawaii*
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$14.39
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$17.01
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$748
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$884
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Idaho
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$7.20
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$9.13
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$374
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$475
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Illinois
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$10.38
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$12.58
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$540
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$654
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Indiana
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$7.93
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$9.90
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$413
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$515
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Iowa
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$7.16
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$8.97
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$372
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$466
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Kansas
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$7.20
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$9.18
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$374
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$477
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Kentucky
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$6.89
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$8.55
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$358
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$445
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Louisiana
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$7.18
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$8.94
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$373
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$465
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Maine
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$8.24
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$10.61
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$429
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$552
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Maryland
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$11.04
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$13.25
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$574
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$689
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Massachusetts*
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$12.12
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$15.26
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$630
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$793
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Michigan
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$9.08
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$11.18
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$472
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$581
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Minnesota
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$8.91
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$11.37
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$463
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$591
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Mississippi
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$6.60
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$8.07
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$343
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$420
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Missouri
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$7.01
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$8.89
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$364
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$463
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Montana
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$7.01
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$9.29
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$364
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$483
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Nebraska
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$7.40
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$9.45
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$385
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$491
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Nevada
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$10.83
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$13.24
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$563
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$688
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New Hampshire
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$10.32
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$13.14
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$536
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$683
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New Jersey
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$13.13
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$15.90
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$683
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$827
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New Mexico
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$7.95
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$9.96
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$414
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$518
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New York
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$13.68
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$15.87
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$711
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$825
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North Carolina
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$8.44
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$9.98
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$439
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$519
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North Dakota
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$7.00
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$8.82
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$358
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$459
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Ohio
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$7.96
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$10.10
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$414
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$525
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Oklahoma
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$6.64
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$8.54
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$345
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$444
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Oregon*
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$9.08
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$11.48
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$472
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$597
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Pennsylvania
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$9.09
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$11.13
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$473
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$579
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Rhode Island
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$10.72
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$12.94
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$558
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$673
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South Carolina
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$8.11
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$9.44
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$422
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$491
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South Dakota
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$7.36
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$9.33
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$383
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$485
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Tennessee
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$7.74
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$9.50
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$403
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$494
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Texas
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$8.67
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$11.08
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$451
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$576
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Utah
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$9.11
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$11.49
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$474
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$598
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Vermont
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$9.12
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$11.67
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$474
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$607
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Virginia
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$10.04
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$11.88
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$522
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$618
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Washington
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$9.83
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$12.47
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$511
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$648
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West Virginia
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$6.68
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$8.02
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$347
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$417
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Wisconsin
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$8.30
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$10.44
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$432
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$543
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Wyoming
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$7.12
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$9.25
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$370
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$481
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Source: "Out of Reach," National Low Income Housing Coalition, September 1999
FMRs are gross rent estimates; they include shelter rent and the cost of utilities, except telephone. HUD sets FMRs to assure that a sufficient supply of rental housing is available to its program participants.
*Because the minimum wage is higher in these states, FMRs have been adjusted to reflect those amounts.
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