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.
Discussion about this post