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Explosive local rent increases far exceed growth in incomes

Agencies had to ask feds to reconsider assessment for 2016

By Patty Hastings, Columbian Social Services, Demographics, Faith
Published: July 5, 2016, 9:12pm

As economists and local housing advocates have been saying, growing rent costs outpace wage growth. But the numbers reveal just how wide the gap is: Monthly rent for a two-bedroom apartment in Clark County has increased 37 percent since 2005, while incomes among renters increased at least 11 percent at the same time.

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Columbian Social Services, Demographics, Faith