An annual report shows a still-widening gap between the wages Vermonters earn and the price they must pay to rent a home in the state.

The "Out of Reach" report for 2019, published this month by the National Low Income Housing Coalition, shows that Vermont ranks number 16 in the U.S. in terms of disparity between what residents earn and the prices for which properties are rented. Despite the widening gap, Vermont is ranked lower on the list than last year, having fallen three spots.

While minimum wage has risen 28 cents since 2018, the annual income needed to afford a two-bedroom apartment in Vermont has risen by $790.

More:Report: $21 per hour needed to afford Vermont rent

For Vermonters earning the minimum wage of $10.78 per hour, they must work 67 hours per week to afford a one-bedroom apartment and 85 hours per week for a two-bedroom home, the report states. The annual income needed to afford each of those apartments is $37,805 and $47,375 respectively.

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The monthly rent affordable for minimum wage earners is $561, the report states. That's $384 less than the fair market rent price for a one-bedroom.

Burlington-area residents face biggest gap between income and rent

The Burlington and South Burlington metropolitan area — which includes Chittenden, Franklin and Grand Isle counties — has the widest disparity in the state. There, 34 percent of the households are rented, compared with 29 percent statewide.

To afford a two-bedroom home in this area, a person earning minimum wage must work 110 hours per week. For a one-bedroom rental, they must work 86 hours.

The annual income needed to afford a one-bedroom and two-bedroom apartment is $48,080 and $61,760 respectively.

The estimated average renter wage for this area is $15.10 per hour, at which the person can afford a rent of $785 per month.

The fair market rent price for a one-bedroom and two-bedroom apartment in this area is $1,202 and $1,544 respectively.

More:Vermont campaign falls short of affordable housing goal by 32%

Contact Elizabeth Murray at 802-651-4835 or emurray@freepressmedia.com. Follow her on Twitter at @LizMurrayBFP.