Minimum wage workers can’t afford rent anywhere in America.
There is no state, county, or city in the country where a full-time, minimum-wage worker working 40 hours a week can afford a two-bedroom rental, a report from the National Low Income Housing Coalition showed.
According to CNN “The average fair market rent is $1,061 a month for a one-bedroom and $1,295 a month for a two-bedroom, according to the report. Meanwhile, the average renter’s hourly wage is $18.78, an income that can absorb only $977 a month in rent without being housing cost-burdened. A household living on one minimum wage income can afford even less, $377 a month, the report showed.”
Blacks and Latinos have a greater challenge for housing affordability as they had higher unemployment rates during the pandemic leading to these groups being more likely to have fallen behind on rent.
The national low housing coalition is asking ” Congress to create a permanent National Housing Stabilization Fund to provide temporary assistance for households at risk of eviction and to strengthen and enforce renters’ protections, in order to keep renters stably housed.”
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