Cant Afford Rent In Any State
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That’s the harsh but honest truth in a report issued last week by the National Low Income Housing Coalition (NLIHC).
Cant afford rent in any state. 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. Full-time workers who make minimum wage can’t afford a two-bedroom rental home in any state in the U.S. You might expect that’s the case in major, expensive cities such as New York, Los Angeles or San Francisco.
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. But at its current. And cannot afford a one-bedroom rental in 95% of.
State Full-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S. 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. She couldn’t afford her $1,365 rent payment for April and is worried things won’t look any better in May.
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