What Do You Know About Poverty in Missouri?

8. In 2012, the fair market rent for a two-bedroom apartment in Missouri was:

d. Incorrect

In 2012, the fair market rent for a two-bedroom apartment in Missouri was $693. This is based on the U.S. Department of Housing and Urban Developmentā€™s calculation of the amount that would be needed to pay the gross rent (shelter rent plus utilities) of privately owned, decent and safe rental housing of a modest (non-luxury) nature with suitable amenities. Based on the generally accepted affordability standard of paying no more than 30% of income for housing costs, a Missouri worker making the 2012 Missouri minimum wage of $7.25 per hour would have needed 1.8 full-time jobs to afford this rent.

Source: National Low Income Housing Coalition. (2012). Out of Reach. Retrieved from http://nlihc.org/oor/2012.