Friday, June 1, 2012

Study: Cannot Pay Rent on Minimum Wage Income

As part of its 2012 report on rent affordability, the National Low Income Housing Coalition released a chart that’s been floating around the Internet. It shows that there isn’t a single state in the country where it’s possible to work 40 hours per week at minimum wage and afford a two-bedroom apartment at Fair Market Rent.

In West Virginia and Arkansas, you’d need to work at least a 63-hour week, and that’s as good as it gets. In California, Maryland, D.C., New Jersey and New York you’d need to work 130 hours or more. Hawaii comes in last place: 175 hours.

With permission from the National Low Income Housing Coalition

I can anticipate a few no-big-deal arguments, starting with the definition of affordability. By “affordable,” the Coalition means paying no more than 30 percent of income for housing costs (rent and utilities). And why a two-bedroom apartment, as opposed to a one-bedroom? Read more >>

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