Newtown Is Bucks Co.'s Most Unaffordable Town For Renters: Study

NEWTOWN, PA — How affordable is it to rent a home in Newtown?

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 more than $35 an hour to afford to rent a two-bedroom home in Newtown.

It is the most expensive town in Bucks County for renters, the study shows.

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.

Other nearby towns that are among the priciest for renters include:

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

• Buckingham — $33.37
• Doylestown — $28.46
• New Hope — $30
• Richboro — $34.62
• Solebury — $34.62
• Washington Crossing —$34.23
• Wycombe — $34.23

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.