The number of homes renting for less than $800 declined by 2 percent.
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.
According to the report, a full-time worker earning $7.25, the national minimum wage, needs to work 122 hours a week every single week of the year to be able to afford your average, no-frills, two-bedroom rental in the United States. "The rents are far out of reach from what the average renter is earning". The report uses the minimum wage, mean renter wage, and the Department of Housing and Urban Development's definition of fair market rent. That's based on the common budgeting standard of spending a maximum of 30 percent of income on housing.
The nation's costliest housing is in Hawaii, where one would need to earn $36.13, or roughly $75,000 a year, to be able to rent a modest two-bedroom. The national "housing wage" for a two-bedroom is $22.50.
But that's still nearly double the Arkansas minimum wage of $8.50. That will increase to $13.50 by 2020.
The National Low Income Housing Coalition and the Coalition on Homelessness and Housing in OH released a report today revealing that most OH jobs don't pay enough to cover the cost of rent.
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Anyone making that amount would have to work triple shifts of 119 hours a week for a 2-bedroom apartment. A one-bedroom is affordable only with a minimum wage job in a small number of counties in Arizona, California, Colorado, Oregon, and Washington, all states that have set the minimum wage above the federal level. Still, the results are bleak. The state average of $16.16 an hour was the 30th highest in the country. In Seattle/Bellevue, it's $24 and across King County it's $25.
In Ohio, the fair market rent (FMR) for a two-bedroom apartment is $793.
You can afford a typical 2-bedroom apartment if you make just under $33 an hour.
The report recommends federal investments in programs like public housing, vouchers, and rental assistance. Bernie Sanders, I-Vt., said in the report. "In America today, almost 11 million families pay more than half of their limited incomes toward rent and utilities". And downsizing to a one-bedroom pad barely helps.
The Bureau of Labor Statistics says the biggest increase will be with personal care aides. The three jobs expected to both grow and pay enough to live-general operations managers, software developers, and registered nurses-"require advanced degrees or significant experience". "The administration's cruel and shortsighted proposals to cut housing benefits would add to the struggles of millions". But different political decisions could begin to solve the problem of affordable housing. But this process, known as filtering, does not produce enough affordable rental homes to serve extremely low income renters. Predictably, the statewide figures are lower if you only look at non-metro areas.