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Offbeat A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the U.S.

01:34  14 june  2018
01:34  14 june  2018 Source:   msn.com

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If you’re thinking that minimum wage workers should settle for a decent one- bedroom apartment instead, that’ s fair, but that’ s also unrealistic. In most states, people earning minimum wage would need to work 60-80 hours per week to afford a one- bedroom apartment .

The percentage of American full-time minimum - wage workers who can afford to rent a one- bedroom apartment in any U . S . state without being what the government calls "burdened" is so vanishingly small — less than one percent — that it rounds down to zero.

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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 Wednesday by the National Low Income Housing 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.

Minimum wage doesn't cover the rent anywhere in the US

  Minimum wage doesn't cover the rent anywhere in the US Low-income Americans working full-time can't afford to rent a modest apartment in any stateLoad Error

None of the higher wages give a full-time minimum wage worker the ability to cover rent for a two - bedroom apartment ; only 12 counties and one metropolitan area have ensured a floor that allows a worker to afford a one-bedroom.

The absolute least that an employer is legally allowed to pay an employee for an hour' s work varies across the country, but one fact remains constant: In no state does working 40 hours a week for minimum wage enable a person to rent a median two - bedroom apartment .

Even the $15 living wage championed by Democrats would not make a dent in the vast majority of states.

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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 Yentel, president of the National Low Income Housing Coalition. “The rents are far out of reach from what the average renter is earning.”

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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

new report by the National Low-Income Housing Coalition shows that there is no state in the U . S . where a full-time, minimum - wage worker can afford the rent of a one- bedroom apartment , Vox reports.

Here is how much you would need to afford rent in your state:

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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 modest 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.

The report estimates that renters nationally make an average of $16.88 an hour. That means even those making above minimum wage struggle to afford rent.

Housing costs have continued to rise with growing demand for rental housing in the decade since the Great Recession. At the same time, new rental construction has tilted toward the luxury market because of increasingly high development costs, the report said. The number of homes renting for $2,000 or more per month nearly doubled between 2005 and 2015.

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Hours needed at minimum wage to afford a one- bedroom apartment (National Low-Income Housing Coalition). A map included in the report shows the hours a worker would have to work each week to afford a one- bedroom apartment .

In 2017, the average U . S . worker would need to bring in a whopping .21 per hour to reasonably afford a modest two - bedroom apartment . That’s nearly three times the federal minimum wage of .25, and roughly 30 percent more than the .38 hourly wage that the average U . S

“While the housing market may have recovered for many, we are nonetheless experiencing an affordable housing crisis, especially for very low-income families,” Sen. Bernie Sanders (I-Vt.) said in the report.

The low-wage workforce is projected to grow over the next decade, particularly in service-sector jobs such as personal-care aides and food-preparation workers.

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Meanwhile, the Trump administration has tried cutting federal housing subsidies for the lowest-income Americans. As it stands, only 1 in 4 households eligible for federal rent assistance gets any help, the report said. Housing and Urban Development Secretary Ben Carson recently proposed tripling rent for the poorest households and making it easier for housing authorities to impose work requirements on those receiving rent subsidies.

Here is how your state stacks up in terms of housing costs:

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