Cant Afford Rent In Any State
Minimum wage workers cannot afford rent in any U.S.
Cant afford rent in any state. She couldn’t afford her $1,365 rent payment for April and is worried things won’t look any better in May. Full-time workers who make minimum wage can’t afford a two-bedroom rental home in any state in the U.S. Without spending more than the recommended 30 percent of their income, according to a report from the National Low Income Housing Coalition.
In fact, someone working a 40-hour week on the federal $7.25 minimum wage can’t afford to rent a “modest” two-bed apartment in any state in the country, according to the report. You might expect that’s the case in major, expensive cities such as New York, Los Angeles or San Francisco. Arkansas is the state with the lowest hourly wage needed ($14.19 per hour) to afford fair market rent for a two-bedroom rental without paying more than 30% of their income.
As someone who primarily covers the travel industry, the Nashville resident estimates her income has decreased by 80% to 90% over the last couple of months. State Full-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S. If you make minimum wage, you can’t afford to rent a two-bedroom apartment in any state in the union.
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