The hourly wage needed to rent a two-bedroom home in every state

[Suppressed]

The hourly wage needed to rent a two-bedroom home in every state
Leanna Garfield and Skye Gould Apr. 25, 2018, 1:31 PM
http://www.businessinsider.com/how-much-you-need-to-earn-to-rent-apartment-us-2017-6

[...]

To rent a two-bedroom home, on average, you would need to earn $21.21 per hour as a full-time worker in the United States.

That figure is higher in states like New York and California that are hurting the most from the nation's affordable housing crisis.

A new report from the National Low Income Housing Coalition shows what an hourly worker needs to make to afford a two-bedroom rental home — without paying more than 30% of their income — in each state, plus Washington, DC and Puerto Rico. Depending on the location, the hourly wages required for housing range from $9.68 (in Puerto Rico) to $35.20 (in Hawaii) for people working 40 hours per week, 52 weeks per year:



[...]

[roamer_1]

So what? 

[Frank Cannon]

This is a load of shit. You cannot come up with these numbers averaging out an entire state. You can rent an entire house on land in some parts of PA for the same price you rent an efficiency in downtown Philthy. It depends on what area you live in. 

[darroll]

Not to worry.
Inflation loves raising the minimum wage.
Ten bucks for a loaf of bread? (then we can raise the minimum wage higher)

[cato potatoe]

It is tricky to build in some areas, but the price distortions are mostly the result of zoning regs.  Increase the supply, and prices will naturally fall.

[RoosGirl]

$20.68/hour in Florida works out to a monthly rent of $993/month.  That's pretty cheap.  That works out to a $208,000 mortgage at 4% for 30 years.  That buys a pretty decent starter home in the Orlando area.

[Suppressed]

This is a load of shit. You cannot come up with these numbers averaging out an entire state. You can rent an entire house on land in some parts of PA for the same price you rent an efficiency in downtown Philthy. It depends on what area you live in.

But the wages are averaged across the state, too.