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Montana Affordable Housing Information
- In Montana, Fair Market
Rent for a two-bedroom unit is $571
- An extremely low income
household (earning 30% of the AMI of $48,578) can afford monthly rent
of no more than $364
- A 3-person household receiving
the maximum TANF grant can afford monthly rent of no more than $140
- A minimum wage earner, earning
$10,712 annually, can afford monthly rent of no more than $268
- Fair market rent for a one-bedroom
unit is $451
- A household on SSI can afford
monthly rent of no more than $174
- A unit is considered affordable
if it costs no more than 30% of the renter's income
- 47% of renters in Montana
are unable to afford Fair Market Rent for a two-bedroom unit
- In Montana, a worker earning
the State Minimum Wage ($5.15 per hour) has to work 85 hours per week
in order to afford a two-bedroom unit at the area's Fair Market rent
- The Housing Wage in Montana
is $10.98. This is the amount a worker would have to earn per hour in
order to be able to work 40 hours per week and afford a two-bedroom
unit at the area's Fair Market rent. This is 213% of the present State
Minimum Wage ($5.15 per hour)
Montana
Housing Resources
Montana People's Action: 406-728-5297www.mtpaction.org
Diocese of Great Falls-Billings: 1-800-332-9998www.dioceseofgfb.org
Diocese of Helena: 1-800-584-8914www.diocesehelena.org
Montana Habitat for Humanity: 406-782-8579www.habitatswmt.org
Montana Low Income Coalition: 404-449-8801lovett@sisna.com
National Low Income Housing Coalition: www.nlihc.org
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