SAVI Reports - Page 26

prospect of increased housing-related cost-burden (Figure 13); the most vulnerable of these families may experience homelessness. The National Low Income Housing Coalition tracks housing affordability trends for low- and very-low-income populations annually in its Out of Reach report, 11 which calculates the affordability gap between the fair market value of renting a housing unit and what low wage workers are earning. For Marion County, the wage needed to afford a two-bedroom housing unit is $32,360 or $15.56 per hour (which is, unsurprisingly, close to the threshold where cost-burden becomes less of an issue as shown in Figure 11, page 19). Figure 13. Cost Burden for Renting Households, by Income Cohort (Marion County) 100% 80% 60% 40% 20% 0% < $20,000 $20,000 to $34,999 $35,000 to $49,999 $50,000 to $74,999 Spend less than 30 percent > $75,000 Spend more than 30 percent Source: American Community Survey, 5-year estimates (2009-2014), Table B25101 11 Available from the National Low Income Housing Coalition; Indiana data are available at http://nlihc.org/oor/indiana. 22