2016 Hours at Minimum Wage Needed to Afford Rent
Housing is Out of Reach
Millions of Americans struggle to find affordable rents.
In order to afford a modest, two-bedroom apartment in the U.S., renters need to earn a wage of $20.30 per hour. In six states and the District of Columbia, they need to earn more than $25 per hour. The Housing Wage for a two-bedroom unit is $13.05 higher than the federal minimum wage of $7.25 and $4.88 higher than the estimated average wage of $15.42 earned by renters nationwide.
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