The housing affordability crisis in Boise and Ada County, Idaho, has hit renters particularly hard. While the area was once known for its affordable living and thriving communities, renters are now finding it increasingly difficult to make ends meet as the gap between the rate of rent increases and wages grows. Rent prices have increased over 25% while wages remain stagnant or at a slow 3% rate. Wages are not even keeping pace with inflation. Rents on the Rise: A Crisis for Boise Renters I moved to Ada County in 2020, right at the height of the pandemic. The next year, I saw a 25-30% increase in my rent. Although my rent has increased only moderately in the past two years, wages have not kept pace with that increase. For many renters, these costs now consume more than 50%—and sometimes as much as 60%—of their monthly household incomes. In fact, mortgage affordability is often calculated at 60% of gross income. This far exceeds the commonly recommended affordability measure...
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