A Third of Olympia Residents Can’t Afford to Live Here

Average rents surge past $1,000 per month in Thurston County

Using VERY round numbers:

Olympia has a poverty rate of about 20%. That’s about 10k people at or below poverty. For an individual, poverty is $12k. A household of 2 it’s $15.5k. To make enough money to reach the benchmark that supposes a sustainable household budget, 1/3 of your income toward living expenses (which is supposed to include utilities as well), you’d need to take home $36k to afford $1k/month – just to afford the rent.

VERY roughly, about 33% of households cannot reasonably afford $1k a month in rent.

We need to address this now, otherwise we’re never going to make a dent in homelessness.

We need empathetic and innovative leadership at City Hall. If our current City Manager can’t execute, and our current council can’t lead on this, then it’s time to make some changes.

How do you feel about that?

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