In Adams County, the fair market rent for a two-bedroom apartment is $1,508. In order to afford this, a household must earn at least $60,320/year.
For the last three years the top three reasons given for homelessness in Adams County are:
1. Loss of employment
2. Housing costs are too high
3. Family or relationship breakup (divorce)
According to the Metro Denver Homeless Initiative's Point in Time Survey, 62% of those homeless in Adams County are families with children.
To afford a $1,508/month rental, a single wage earner would need to be paid $29.00/hour to live comfortably & a mininum wage worker must work 105 hours per week to afford the same rental. For more info, go to National Low Income Housing Coalition.