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Vermont households earning the stateâs minimum wage of $11.25 an hour have to work 64 hours a week to spend 30 percent of their income on a one-bedroom apartment, and 81 hours a week for a two-bedroom unit, according to a housing study released Wednesday morning.
The report said that Vermont has the 16th most expensive housing wage in the nation, and the eighth most expensive housing wage for rural areas.
According to the study, the average housing wage the money that a Vermont household would have to earn to spend 30 percent of its income on housing for the average fair market rent of $1,231 on a two-bedroom apartment is $23.68 per hour. That equates to $4,105 in monthly income, or $49,258 annually.
Jim Kenyon: Andy Sigler saw success, but also saw the little guy >Norwich Farms owner Andy Sigler listens to testimony during a hearing in White River Junction, Vt., on June 2, 2006. (Valley News - Geoff Hansen) Copyright Valley News. May not be reprinted or used online without permission. Send requests to permission@vnews.com. Geoff Hansen
Modified: 7/13/2021 9:34:24 PM
Andy Sigler was a captain of industry who earned millions as the CEO of Champion International, once the largest forest products company in the U.S. that made everything from plywood to copier paper.
In 1984, after he stepped in to save a competitor from a hostile takeover by billionaire Rupert Murdoch, Sigler was described in
Does Big Cannabis Have a Stranglehold on Vermont s Budding Industry? sevendaysvt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sevendaysvt.com Daily Mail and Mail on Sunday newspapers.
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