6 States With the Most Affordable Housing for Low-Income Families

There is a shortage of available and affordable housing for low-income families in every state, but the situation is worse in some states than others. Extremely low-income families — defined as households with incomes at or below either the federal poverty guideline, or 30% of their area median income, whichever is greater — face rates as low as 14 affordable and available homes for every 100 households in some states.

Expert Advice: 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents

Try This: 7 Reasons You Should Consider a Financial Advisor Before Making a Big Investment

While there are still not enough homes to provide rentals for every extremely low-income family in the states with the most available housing, the odds of finding housing are the best in these places, as identified by the National Low Income Housing Coalition .

Also here are the states where you’re most and least likely to live paycheck to paycheck.

South Dakota

• Number of affordable and available rental homes: 57 per 100 extremely low-income renter households
• Extremely low-income renter households: 26,953
• Extremely low-income renter households with severe cost burden: 51%

Check Out: 20 Best Cities Where You Can Buy a House for Under $100K

Learn More: Here’s the Salary Needed to Actually Take Home $100K in Every State

Earning passive income doesn't need to be difficult. You can start this week.

Mississippi

• Number of affordable and available rental homes: 55 per 100 extremely low-income renter households
• Extremely low-income renter households: 108,951
• Extremely low-income renter households with severe cost burden: 65%

Trending Now: States Whose Economies Are Failing vs. States Whose Economies Are Thriving

West Virginia

• Number of affordable and available rental homes: 53 per 100 extremely low-income renter households
• Extremely low-income renter households: 63,660
• Extremely low-income renter households with severe cost burden: 66%

Rhode Island

• Number of affordable and available rental homes: 51 per 100 extremely low-income renter households
• Extremely low-income renter households: 49,468
• Extremely low-income renter households with severe cost burden: 56%

Wyoming

• Number of affordable and available rental homes: 51 per 100 extremely low-income renter households
• Extremely low-income renter households: 18,176
• Extremely low-income renter households with severe cost burden: 63%

Maine

• Number of affordable and available rental homes: 51 per 100 extremely low-income renter households
• Extremely low-income renter households: 36,378
• Extremely low-income renter households with severe cost burden: 63%

Data is sourced from the National Low Income Housing Coalition and is accurate as of 2022.

This article originally appeared on GOBankingRates.com : 6 States With the Most Affordable Housing for Low-Income Families