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How rent is outpacing pay in major metro areas

Good luck trying to sleep between the 2.7 full-time jobs needed to pay your rent
  • HUD determined the national housing wage for a two-bedroom unit to be $20.30.
  • Hawaii has the highest housing wage at $34.22.
  • Minimum wage workers need to work 112 hours per week to afford reasonable housing that does not exceed 30 percent of their yearly income.

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According to the National Low Income Housing Coalition (NLIHC), it is not possible to afford a two-bedroom apartment at the fair market rent price working full-time at the current minimum wage -- in any state. NLIHC's released Out of Reach 2016: No Refuge for Low Income Renters outlining the dangers of the dwindling affordable housing market in the United States. The report states that the national housing wage is $20.30 for a two-bedroom rental unit. The housing wage for a one-bedroom unit is $16.35. The Department of Housing and Urban Development (HUD) determines this figure based on median rent prices in all states. The national housing wage is the national average, but the numbers vary state by state due to inflated costs of living. The housing wage is the estimated hourly rate that a full-time worker must be paid to afford a rental unit without spending more than 30 percent of his or her income on rent and utilities. Metro areas with the highest two-bedroom ...