People Earning Minimum Wage Cannot Afford To Rent Anywhere In The US

The figures are from the National Low Income Housing Coalition’s annual Out Of Reach report, which documents the affordability of rental housing to low-income families across the U.S. NLIHC arrived at its bleak findings by taking the cost of a modest two-bed rental home at fair market rent, as calculated by the Department for Housing and Urban Development (HUD) based on an estimate of what a family moving today would expect to pay. It then calculated the amount workers need to earn for these homes to be “affordable” – meaning they spend no more than 30 percent of their income on rent and utilities. The most expensive state is Hawaii, where the fair market rent for a two-bed rental is $1,879 a month, meaning workers need to bring in $36.13 an hour for rent to be affordable.
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