Posted on Jul 17, 2021
Here’s the hourly wage you need to make to afford a two-bedroom apartment in every state
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No person working a full-time job earning minimum wage can afford a modest two-bedroom apartment anywhere in the US, according to a new report that illustrates the gulf between Americans’ income and the rising costs of housing.
The report, from the National Low Income Housing Coalition, found that there is not a single state, county or city anywhere in the country where a person working 40 hours a week on minimum wage can afford rent for a two-bedroom property.
An hourly “housing wage” – what Americans would need to earn to afford a fair-market rental and utilities without spending more than 30 per cent of their income – would need be set at $24.90 for a modest two-bedroom rental home and $20.40 per hour for a modest one-bedroom rental home, according to the report.
The report, from the National Low Income Housing Coalition, found that there is not a single state, county or city anywhere in the country where a person working 40 hours a week on minimum wage can afford rent for a two-bedroom property.
An hourly “housing wage” – what Americans would need to earn to afford a fair-market rental and utilities without spending more than 30 per cent of their income – would need be set at $24.90 for a modest two-bedroom rental home and $20.40 per hour for a modest one-bedroom rental home, according to the report.
Here’s the hourly wage you need to make to afford a two-bedroom apartment in every state
Posted from independent.co.uk
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Posted >1 y ago
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And don't forget that there is a certain right wing party trying to destroy wage earner capitalism!!! Not right that they help the rich get big pay and tax breaks but stick it to the worker. Sure lets me know who to vote for.
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Spending only 30% on housing PLUS all utilities? Of course very few people can do that. What do they think the other 70% goes to?
When I was young, 50% of my income went to rent, alone. Utilities was another 10-15%. And I was able to survive just fine, thank you. No frills or thrills, but I didn't expect more than that when I was morking minimum wage with no worthwhile skills and no degree.
You want frills and thrills, go get some skills.
When I was young, 50% of my income went to rent, alone. Utilities was another 10-15%. And I was able to survive just fine, thank you. No frills or thrills, but I didn't expect more than that when I was morking minimum wage with no worthwhile skills and no degree.
You want frills and thrills, go get some skills.
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