Wynnewood, Merion Area's Most Expensive Towns For Renters: Study

ARDMORE-MERION-WYNNEWOOD, PA — How affordable is it to rent a home in Ardmore, Merion, and Wynnewood?

Not very affordable, according to a new analysis by the National Low Income Housing Coalition.

The coalition recently released its annual "Out Of Reach" report for 2020, and it shows that you'd have to earn about $32 an hour to afford to rent a two-bedroom home in the Ardmore, Merion and Wynnewood area.

The 19066 ZIP code — which covers Wynnewood and Merion Station —is the most expensive Montgomery County for renters. To afford a two-bedroom rental there, you'd have to earn more than $35.38 an hour.

Nearby, 19085 which includes Villanova and Ithan, also has the same average hourly wage of $35.38 to afford a two bedroom.

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.

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.