WHAT YOU MAY FIND HERE

RANTS, RAVINGS and RUMINATIONS along with
RAUCOUS RIBALDRY and RAMBLING REFLECTIONS

Monday, July 20, 2015

Geography Div (Gimme Shelter subsection)

While old Bears can find a nice hollow tree or cave, most of us have to pay to live somewhere. That means there must be income ........ but how much ??

Map showing how much per hour a minimum wage worker would need to earn to afford a two-bedroom rental unit
Time to #RaiseTheWage
The National Low Income Housing Coalition's annual housing report has been released and it once again shows the dramatic divide between average housing prices and income in the United States.
In order to afford a modest, two-bedroom apartment in the U.S., renters need to earn a wage of $19.35 per hour. In 13 states and the District of Columbia they need to earn more than $20 per hour. The Housing Wage for a two-bedroom unit is more than two and a half times the federal minimum wage of $7.25, and $4 more than the estimated average wage of $15.16 earned by renters nationwide.
Take a look at the NLIHC maps to see how your state stacks up:
Map showing how much per hour a minimum wage worker would need to earn to afford a two-bedroom rental unit
Time to #RaiseTheWage
Hours needed to afford housing at minimum wage in the US
attribution: http://nlihc.org/sites/default/files/oor/OOR_2015_FULL.pdf

No comments:

Post a Comment