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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums1 Map Shows How Many Hours You Need to Work Minimum Wage to Rent an Apartment in Any State
http://mic.com/articles/120428/1-map-shows-how-many-hours-you-need-to-work-minimum-wage-to-rent-an-apartment-in-any-stateWhen people in America's big cities complain about how unaffordable their rent is, the response from some critics is that they should move. But a recent report suggests that for millions of Americans, there's nowhere in this country where the rent isn't too high.
According to the National Low Income Housing Coalition, there is no state in the country in which a minimum wage worker can afford a one-bedroom rental unit while working a 40-hour week without paying more than 30% of their income. In fact, in order to afford a one-bedroom at fair market rent the 40th percentile of gross rents for typical units in a local housing market minimum wage workers would have to work upwards of 100 hours a week in a number of states.
According to the National Low Income Housing Coalition, there is no state in the country in which a minimum wage worker can afford a one-bedroom rental unit while working a 40-hour week without paying more than 30% of their income. In fact, in order to afford a one-bedroom at fair market rent the 40th percentile of gross rents for typical units in a local housing market minimum wage workers would have to work upwards of 100 hours a week in a number of states.
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1 Map Shows How Many Hours You Need to Work Minimum Wage to Rent an Apartment in Any State (Original Post)
geardaddy
Jul 2015
OP
niyad
(113,941 posts)1. lays it out pretty clearly
whatthehey
(3,660 posts)2. Way too blunt an instrument
I rent 2br HOUSES for $400-500 a month in KY, in decent shape, with all amenities. I am not at the bottom end of the market. They sure as hell don't need 57 hours to afford a perfectly nice 1br Apt anywhere within 75 miles of here. Lexington near the university faculty area or nicer parts of Louisville may be more expensive, but even there this is ridiculously inflated. Dollars to donuts this is another 40th percentile absurdity where it compares the bottom 4% of the income pool as if they are renting places aimed at the middle class.
hobbit709
(41,694 posts)3. Takes more than that map says in Austin.
Rents for a 1 BR in Austin are pushing the $1000/mo mark even for a dump.