Income for Median Housing Cost
		Wage to afford median price ($275,000)1 –$38 - 44/hr Wage to afford median apartment rent2 –1-bedroom ($675): $15.60/hr –2-bedroom ($798): $18.40/hr –3-bedroom ($825): $19.05/hr California Association of Realtors®, March 2003 for Grass Valley. Assumes an average purchase price of 3 to 3.5 times annual income. Apartment manager contacts for non-subsidized units. Assumes 25% of income for rent and 5% of income for utilities.