A simple, safe place to live is far beyond the means of America’s low-wage workers no matter how hard they toil.
A worker earning the federal minimum wage of $7.25 per hour would need to work nearly three full-time jobs or approximately 112 hours per week every week of the year to afford a basic two-bedroom apartment, according to the National Low Income Housing Coalition’s (NLIHC’s) latest Out of Reach report.
“We find there is no place in America, no state, no county, no jurisdiction where minimum-wage workers earn enough for that decent, affordable two-bedroom apartment,” said Diane Yentel, NLIHC president and CEO.
Only a small number of counties exist where a minimum-wage worker can afford a one-bedroom apartment.
In its 27th year, Out of Reach looks to answer how much does one have to earn to afford rent and utilities for a modest two-bedroom apartment at fair market rent while spending no more than 30% of their income on housing costs. NLIHC calls this amount the “housing wage.”