General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHeres how much you would need to afford rent in your state
https://www.washingtonpost.com/news/wonk/wp/2017/06/08/heres-how-much-you-would-need-to-make-to-afford-housing-in-your-statehttps://img.washingtonpost.com/wp-apps/imrs.php?src=&w=1484
There is nowhere in this country where someone working a full-time minimum wage job could afford to rent a two-bedroom apartment, according to an annual report released Thursday documenting the gap between wages and the cost of rental housing.
Downsizing to a one-bedroom will only get you so far on minimum wage. Such housing is affordable in only 12 counties located in Arizona, Oregon and Washington states, according to the report by the National Low Income Housing Coalition.
You would have to earn $17.14 an hour, on average, to be able to afford a modest one-bedroom apartment in a safe area without having to spend more than 30 percent of your income on housing. Make that $21.21 for a two-bedroom home -- nearly three times the federal minimum wage of $7.25.
The report details how much a household must earn to be able to afford rent in every metropolitan area and county in the country. Renters in the U.S. make, on average, $16.38 an hour.
LisaM
(27,813 posts)Two-bedroom houses here are priced well over $2000 as rentals - if you can find one, which is difficult. Two-bedroom apartments are about $2000 too.
When I moved to Seattle in the late 80s, I thought of it as a working-class city. You can't say that now.
HeartachesNhangovers
(814 posts)in Vancouver WA for a 2-bed/2-bath apartment, and I would expect some areas of Seattle to be significantly pricier. And outside of Seattle and Vancouver, prices are probably a bit (or a lot) lower.
Igel
(35,320 posts)I can find a 2-bedroom apartment for 20% of the # given for Texas. Where we used to live, not top of the line but nice, is around 60%. Thing is average isn't common here.
steve2470
(37,457 posts)msongs
(67,420 posts)blue
I would not live in a red state again not matter how much you paid me.
steve2470
(37,457 posts)taught_me_patience
(5,477 posts)Which is why most households have two people working or younger single workers have roomates. Minimum wage is in no way supposed to afford you a two bedroom house/apartment... I don't understand the point of this report.