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This Is The Hourly Income You Need To Afford Rent In Colorado

This Is The Hourly Income You Need To Afford Rent In Colorado

by I'm From Denver
May 19, 2021
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In Arkansas, renters need an hourly income of $14.19 for a two-bedroom apartment, while state minimums are just $10. Hawaii requires the most money to rent a two-bedroom: Workers need $38.76 for the apartment and state minimums are just $10. Colorado placed in the top 10 coming in behind New York, Washington, Hawaii, and California and must make at least $26.45 an hour to afford a two bedroom apartment according to this new study by the Huffpost.

At federal minimum wage, the average American worker would need to log 97-hour weeks for 52 weeks per year to afford a two-bedroom apartment or rental home, according to the report. For the overwhelming majority, not even sharing a dual income with a federal minimum wage-earning partner would cover a two-bedroom rental in their state.

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