How Much Renters Need to Make to Afford a Two-Bedroom Apartment in Each State

It is just awful. I live near NYC and I thank God I have my house the apartment we rented is probably $2000 a month or better.

pundit from another planet

american-dream-threatReid Mene reports: A recent poll conducted by The National Low Income Housing Coalition compared the average renter’s wage in each U.S. state to the wage needed to afford an average two-bedroom apartment.

The Out of Reach study, which came out in May, found that there are a considerable number of states where average workers simply cannot afford to rent two-bedrooms.

Image Credit: The National Low Income Housing Coalition Image Credit: The National Low Income Housing Coalition

City Lab notes:

  • The average American needs to earn $19.35/hour to afford a two-bedroom rental unit.
  • The average hourly wage earned by American renters is $15.16. That’s 2.5 times the federal minimum wage.
  • The median hourly wage of the average American worker is $17.09.

American-dreamers

This graph shows the states with the largest gaps between average hourly wages and wages needed to rent two-bedrooms. 

View original post 87 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s