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Started By
Message
The Hourly Income You Need To Afford Rent Around The U.S.
Posted on 6/21/17 at 11:37 pm
Posted on 6/21/17 at 11:37 pm
LINK
quote:
Arkansas has the lowest hourly income needed for a two-bedroom rental at $13.72, and the state minimum wage is $8.50, the report said. Hawaii demands the highest income of renters: Workers need to make $35.20 to rent a two-bedroom there, and the state minimum wage is just $9.25.
At federal minimum wage, the average American worker would need to log 117-hour weeks for 52 weeks per year to afford a two-bedroom apartment or rental home, according to the report. For the overwhelming majority, not even sharing a dual income with a federal minimum wage-earning partner would cover a two-bedroom rental in their state.
33
Posted on 6/21/17 at 11:39 pm to GreatLakesTiger24
It would be more informative if they also showed what they consider the rental price to be.
Posted on 6/21/17 at 11:40 pm to GreatLakesTiger24
How much for a 2 bed room trailer in a park?
Oops, that would be living within your means. Rah rah gibs me dats
Oops, that would be living within your means. Rah rah gibs me dats
Posted on 6/21/17 at 11:40 pm to GreatLakesTiger24
I'm moving to Arkansas
Posted on 6/21/17 at 11:42 pm to GreatLakesTiger24
(no message)
This post was edited on 9/26/20 at 10:36 pm
Posted on 6/21/17 at 11:42 pm to GreatLakesTiger24
How can anyone in Cali and Hawaii afford to live?
Posted on 6/21/17 at 11:44 pm to The Boat
quote:
what they consider the rental price to be.
Multiply the wage shown by 160 to get the salary per month. Take 30% of that to get the cost of rent.
For Arkansas, 30% of monthly salary at $13.72/hr is $658.56
Posted on 6/21/17 at 11:48 pm to The Boat
Or you could actually read and figure out that information on your own.
Posted on 6/21/17 at 11:48 pm to dbeck
Sounds right. You can definitely find a decent two or three bedroom that needs some gutter work in Bentonville-fayetteville for that.
This post was edited on 6/21/17 at 11:50 pm
Posted on 6/21/17 at 11:49 pm to GreatLakesTiger24
looks like i'm puerto rican rich
Posted on 6/21/17 at 11:50 pm to Peazey
quote:
Or you could actually read and figure out that information on your own.
At midnight? You can frick right off.
Posted on 6/21/17 at 11:51 pm to GreatLakesTiger24
frick it I'm sleeping in my F-250.
Posted on 6/21/17 at 11:52 pm to Huey Lewis
Or you could maybe try to avoid turning every conversation into an irrelevant political pissing match.
Posted on 6/21/17 at 11:56 pm to schwartzy
quote:
How can anyone in Cali and Hawaii afford to live?
Having been to the islands several times, it's really depressed as far as most of the locals go. Take Oahu... It's rather incredible to drive from Honolulu north to the North Shore. Some of the prettiest views you could ever see. It's mind boggling to see the poor up there, though. 50 million dollar views while living in run down homes. Cars broken down and vandalized literally on the side of the road and no one moves them. Waikiki is littered with homeless.
Posted on 6/21/17 at 11:57 pm to GreatLakesTiger24
Where does the "rent should not exceed 30% of your income" recommendation come from, exactly? I didn't see it in the article.
Posted on 6/22/17 at 12:03 am to Sao
Wages in Hawaii are pretty flat. It's expensive because so many people from the mainland and Asia own property there.
Posted on 6/22/17 at 12:23 am to GreatLakesTiger24
28.00$ /hr avg
Posted on 6/22/17 at 1:02 am to GreatLakesTiger24
This is stupid. Rent cost is gonna be completely different depending on location within any state. For example, rent in Nashville proper will be much different than rent in a town like Crossville
Posted on 6/22/17 at 3:11 am to GreatLakesTiger24
Hell yeah. I'm living in the cheapest state, and making better money than I have in my life. Arkansas has been treating me very well.
This post was edited on 6/22/17 at 4:07 am
Posted on 6/22/17 at 3:19 am to GreatLakesTiger24
$28/hr for a 2 bedroom in NYC? GTFO. That might get you a studio in a shitty part of town.
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