Minimum-wage workers in crisis
Report: They can’t afford a 2-bedroom apartment anywhere in U.S.
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MOREDETAILS ■ Hou sing costs have continued to rise with growing demand for rental housing in the decade since the Gre at Recession.
■ New rental construction has tilted toward the luxury market because of increasingly high development costs.
■ The number of homes renting for$2,000 or more per month nearly doubled between 2005 and 2015.
WASHINGTONPOST
HOUSING
The economy's booming. Some states have raised minimum wages.
But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum-wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesdayby the National Low Income Hou sing Coalition.
Not even in Arkansas, the state with the cheapest housing in the country. One would need to earn $13.84 an hour-about $29,000 a year-to afford a two-bedroom apartment there. The minimum wage in Arkansas is $8.50 an hour.
Even the $15 living wage championed by Democrats would not make ad en tin the majority of states.
In Hawaii, the state with the most expensive housing, one would have to make $36.13-about $75,000 a year-to afford a decent two-bedroom apartment. The minimum wage in Hawaii rose to $10.10 an hour this year.
It gets worse in many metropolitan areas. San Francisco, Marin and San Mateo counties top the list of most expensive jurisdictions, where one would need to make $60.02 an hour to afford a modest two-bedroom apartment.
"The housing crisis is growing, especially for the lowest-income workers," said Diane Yen tel, president of the National Low Income Hou sing Coalition. "The rents are far out of reach from what the average renter is earning."
Downsizing to a one-bedroom apartment will only help so much.
According to the report, a one-bedroom is affordable for minimum-wage workers in only 22 counties in five states: Arizona, California, Colorado, Oregon and Washington.
Those states all set their minimum wages higher than the federal minimum of$7.25.
Nationally, one would have to earn $17.90 an hour to afford a one-bedroom apartment or $22.10 an hour for a two-bedroom rental.
That's based on the common budgeting standard of spending a maximum of 30 percent of income on housing.
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■ New rental construction has tilted toward the luxury market because of increasingly high development costs.
■ The number of homes renting for$2,000 or more per month nearly doubled between 2005 and 2015.
WASHINGTONPOST
HOUSING
The economy's booming. Some states have raised minimum wages.
But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum-wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesdayby the National Low Income Hou sing Coalition.
Not even in Arkansas, the state with the cheapest housing in the country. One would need to earn $13.84 an hour-about $29,000 a year-to afford a two-bedroom apartment there. The minimum wage in Arkansas is $8.50 an hour.
Even the $15 living wage championed by Democrats would not make ad en tin the majority of states.
In Hawaii, the state with the most expensive housing, one would have to make $36.13-about $75,000 a year-to afford a decent two-bedroom apartment. The minimum wage in Hawaii rose to $10.10 an hour this year.
It gets worse in many metropolitan areas. San Francisco, Marin and San Mateo counties top the list of most expensive jurisdictions, where one would need to make $60.02 an hour to afford a modest two-bedroom apartment.
"The housing crisis is growing, especially for the lowest-income workers," said Diane Yen tel, president of the National Low Income Hou sing Coalition. "The rents are far out of reach from what the average renter is earning."
Downsizing to a one-bedroom apartment will only help so much.
According to the report, a one-bedroom is affordable for minimum-wage workers in only 22 counties in five states: Arizona, California, Colorado, Oregon and Washington.
Those states all set their minimum wages higher than the federal minimum of$7.25.
Nationally, one would have to earn $17.90 an hour to afford a one-bedroom apartment or $22.10 an hour for a two-bedroom rental.
That's based on the common budgeting standard of spending a maximum of 30 percent of income on housing.
»