Abington Among Area's Most Affordable Towns For Renters: Study

ABINGTON, PA — How affordable is it to rent a home in Abington?

The town is among the most affordable in all of Montgomery County, according to a new analysis from the National Low Income Housing Coalition. However, it's still notably above the average in Pennsylvania.

The coalition recently released its annual "Out Of Reach" report for 2020, and it shows that you'd have to earn about $23 an hour to afford to rent a two-bedroom home in most of the Abington area.

The report ranks ZIP codes by the hourly wage a person would need to earn to afford renting without spending more than 30 percent of their income on housing.

Here's how Abington compared to some neighboring zip codes:

Data shows hourly wage needed to afford a two-bedroom home

• Norristown: $24.42
• Whitemarsh: $25.96
• Conshohocken: $29.04
• Elkins Park: $23.46
• Wyncote: $32.31
• Flourtown: $2827
• Horsham: $26.54
• King of Prussia: $28.85
• Collegeville: $30.96

Across Pennsylvania, renters earn $15.90 per hour on average, while $19.23 per hour is needed to afford to rent a two-bedroom home.

Residents in the Keystone State would have to work 86 hours per week at the minimum wage of $7.25 to afford even a one-bedroom home, the report says.

Pennsylvania ranked 26th in the nation in terms of affordability for renters. The most expensive state for housing is Hawaii, followed by California, then Massachusetts.

You can view the full report here.