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By Cherranda Smith
Photo: ROBYN BECK/AFP via Getty Images
People working full time for minimum wage can’t afford a one-bedroom apartment in 93% of counties in the US, a new report found.
The National Low-Income Housing Coalition released an annual report Wednesday (July 14) that also found that there’s nowhere in the country where a person working 40 hours a week at state or federal minimum wage levels could afford a two-bedroom rental.
The report defines a person’s ability to afford an apartment if more than 30% of the income is not spent on housing. Based on the group’s estimates, US workers would need to make $24.90 an hour for a two-bedroom rental and $20.40 per hour for a one-bedroom apartment, far above the current federal minimum wage rate of $7.25.