[ The average full-time minimum wage worker cant afford rent in
ANY state in America]
[[link removed]]

THE HOURLY INCOME YOU NEED TO AFFORD RENT AROUND THE U.S.  
[[link removed]]


 

Suzy Strutner and Casey Bond
August 25, 2022
HuffPost
[[link removed]]


*
[[link removed].]
*
[[link removed]]
*
*
[[link removed]]

_ The average full-time minimum wage worker can't afford rent in ANY
state in America _

, Waterloo Region Record

 

Full-time workers who make minimum wage can’t afford a one-bedroom
rental home in any state in the U.S. without spending more than
the recommended 30 percent of their income
[[link removed]],
according to a report from the National Low Income Housing Coalition
(NLIHC).

The group’s annual “Out of Reach
[[link removed]]”
report compares minimum wages and housing costs in states,
metropolitan areas and counties across the country. This year’s
results show the hourly wage rate needed for a “modest”
two-bedroom rental in 2022 is more than double the federal minimum
wage of $7.25 per hour in every single state.

Nationally, a person would need to make $25.82 per hour to pay for a
modest two bedroom rental home without spending more than 30 percent
of their income on housing. For a modest one-bedroom rental, it’s
$21.25.

Even where local minimum wages are higher than the federal standard,
it’s not enough. “No local minimum wages are sufficient to afford
a one-bedroom rental home at the fair market rent with a 40-hour
workweek,” the group states.

[2022 data from the National Low Income Housing Coalition shows the
hourly wage required to afford the rent on a two-bedroom home in each
U.S. state and Puerto Rico. ]

NATIONAL LOW INCOME HOUSING COALITION

2022 data from the National Low Income Housing Coalition shows the
hourly wage required to afford the rent on a two-bedroom home in each
U.S. state and Puerto Rico.

Of the 50 states, Arkansas has the lowest hourly income needed for a
two-bedroom rental at $14.89, the report shows, but the state minimum
wage is $11. Hawaii demands the highest income from renters. Workers
need to make $40.63 to afford a two-bedroom in the Aloha State where
the minimum wage is increasing to $12 on Oct. 1.

Even accounting for areas that have higher-than-federal minimum wages,
the average American would need to log 96-hour workweeks for 52 weeks
per year to afford a two-bedroom apartment or rental home, according
to the report, which notes that’s equivalent to about two-and-a-half
full-time jobs. For the overwhelming majority, not even sharing a dual
income with a federal minimum wage-earning partner would cover a
two-bedroom rental in their state.

It’s a grim outlook similar to the group’s previous
[[link removed]] reports
[[link removed]],
which also showed sobering disparities between income and rent. The
report’s authors say poor political decisions are to blame, as well
as the coronavirus
[[link removed]] pandemic, which has
only compounded the problem.

“Housing is a basic human need, but millions of people in America
cannot afford a safe, stable home,” stated NLIHC President and CEO
Diane Yentel in a previous press release. 
[[link removed]]“The
lack of affordable homes for the lowest-income people is one of our
country’s most urgent and solvable challenges, during and after
COVID-19; we lack only the political will to fund the solutions at the
scale necessary. It’s time for Congress to act.”

The minimum wage hasn’t kept up with inflation. In 1968, the federal
minimum wage was equivalent to $13.16 in 2022 dollars
[[link removed].] ―
nearly $6 higher than today’s actual federal minimum wage.

It hasn’t kept up with the rate of productivity growth, either. If
it had, the report notes, it would have been over $22 per hour in
2021.

See the full report [[link removed]] for more details.

* rental housing
[[link removed]]
* unaffordable rent
[[link removed]]

*
[[link removed].]
*
[[link removed]]
*
*
[[link removed]]

 

 

 

INTERPRET THE WORLD AND CHANGE IT

 

 

Submit via web
[[link removed]]

Submit via email
Frequently asked questions
[[link removed]]

Manage subscription
[[link removed]]

Visit xxxxxx.org
[[link removed]]

Twitter [[link removed]]

Facebook [[link removed]]

 




[link removed]

To unsubscribe, click the following link:
[link removed]