A minimum-wage worker can't afford a 2-bedroom apartment anywhere in the U.S.
Added 06-13-18 10:30:05am EST - “Nationally, one would have to earn $17.90 an hour to afford a modest one-bedroom apartment without spending more than 30 percent of income on housing, a common budgeting standard. Or $22.10 an hour for a two-bedroom rental.” - Washingtonpost.com
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The economy’s booming. Some states have raised minimum wages. But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesday by the National Low Income Housing Coalition.
Not even in Arkansas, the state with the cheapest housing in the country. One would need to earn $13.84 an hour — about $29,000 a year — to afford a two-bedroom apartment there. The minimum wage in Arkansas is $8.50 an hour.
Even the $15 living wage championed by Democrats would not make a dent in the vast majority of states.
In Hawaii, the state with the most expensive housing, one would have to make $36.13 — about $75,000 a year — to afford a decent two-bedroom apartment. The minimum wage in Hawaii rose to $10.10 an hour this year.
It gets worse in many metropolitan areas. San Francisco, Marin and San Mateo counties top the list of most expensive jurisdictions, where one would need to make $60.02 an hour to afford a modest two-bedroom apartment.
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