Average worker can't afford 2-bedroom apartment anywhere in US, report says

Study: Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

Study: Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

Rent in older buildings is about $1,460, according to aSeattle Times story from September; for new apartments, it's more than $2,000.

In Massachusetts, renters would need to make $23.15 an hour to afford a one-bedroom, the report said. Diane Yentel, president and CEO of the National Low Income Housing Coalition, said in a press release that low wage workers often have to choose between paying for rent, health care, childcare, and other basic necessities.

The new numbers highlight the dire situation that confronts many local workers as they're forced to cram into small, overcrowded apartments or commute long distances from cheaper neighborhoods in the Central Valley and beyond.

Hawaii's minimum wage is $10.10 per hour. The report found that workers need to make more than $28 an hour to afford a two-bedroom apartment, or work more than 104 hours a week at the current minimum wage of $11 an hour. When the city's minimum salary increases to $15 next year, workers will need 3.2 jobs.

The report found Honolulu is the fourth-priciest city for renters, behind metropolitan areas in California's Bay Area.

Ohio's "housing wage" - the hourly wage a renter needs to earn to pay for a basic, two-bedroom unit - increased again this year to $15.25, with our minimum wage now sitting at $8.30. At the same time, homes renting for less than $800 per month declined by two percent.

Housing costs vary greatly across the country.

For the National Low Income Housing Coalition report, authors assumed people weren't spending more than a third of their pay on rent.

Meanwhile, the Trump administration has tried cutting federal housing subsidies for the lowest-income Americans.

And many people coming to the organization for help have jobs. "And that's the real tragedy in this". When looking at the most common jobs for Ohioans, only two of the 10 offer a livable wage for employers.

Renters across the country earn an average hourly rate of $16.88, the report estimated, a finding that illustrates how even folks earning more than the minimum wage scramble to pay for housing.

There are several things exacerbating the affordability issue on a national level, according to the coalition's researchers.

To make matters worse, the nation's low-income jobs are the ones growing the fastest.

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. FMRs provide an estimate of what a family moving today can expect to pay for a modestly priced rental home in a given area. It shows residents would need to earn at least $27 an hour to live in the code area that includes the Lower Garden District, much of the Central Business District and part of the Garden District, for example, while they'd need about $19.42 hourly to live in the ZIP code that includes the Lower 9th Ward, Holy Cross, Bywater and parts of Marigny and the Upper 9th Ward.