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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStunning maps showing how much you need to earn in each state to afford a two-bedroom rental unit
The National Low Income Housing Coalition's annual housing report has been released and it once again shows the dramatic divide between average housing prices and income in the United States.
In order to afford a modest, two-bedroom apartment in the U.S., renters need to earn a wage of $19.35 per hour. In 13 states and the District of Columbia they need to earn more than $20 per hour. The Housing Wage for a two-bedroom unit is more than two and a half times the federal minimum wage of $7.25, and $4 more than the estimated average wage of $15.16 earned by renters nationwide.
Take a look at the NLIHC maps to see how your state stacks up:
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http://www.dailykos.com/story/2015/05/29/1388789/-Stunning-maps-showing-how-much-you-need-to-earn-in-each-state-to-afford-a-two-bedroom-rental-unit?detail=email#
Art_from_Ark
(27,247 posts)and what kind of neighborhood you're willing to live in.
Yo_Mama_Been_Loggin
(108,506 posts)But my bet is if you live in parts of the state where there are more job opportunities you probably need more than the average wage.
Either way the number suggest a minimum wage increase is way overdue.
AZ Progressive
(3,411 posts)They can't, so they just make life harder for the people.
B Calm
(28,762 posts)Art_from_Ark
(27,247 posts)Wal-Mart's cheap wages are due to a lot of things, one of which, as you noted, is the location of their headquarters in a low cost-of-living state.
AZ Progressive
(3,411 posts)So California's more an average than giving a real good indicator.
Also, in Arizona, Phoenix is generally more expensive than Tucson.
You have to also consider the cost differing significantly between cities and the suburbs.