Minimum-wage workers in Hawaii would need to work 109 hours a week to afford a one-bedroom apartment and 143 hours per week to afford a two-bedroom rental, the report found.
Low-wage workers have recently seen modest wage growth as the economy has improved, according to the report, but wages still remain too low for many workers to afford rental homes at the fair market rents. San Francisco tops its list for requiring the highest hourly wage in the nation for renters to afford a two-bedroom unit. The state's minimum wage increased to $10.10 an hour this year. The worker would have to take on another, part-time, minimum-wage job to make up the difference.
"While significant progress has been made over the past decade to increase the supply of affordable housing in Charlotte, the reality is that housing is becoming less affordable", said the draft of "Housing Charlotte", a new report by city staff that was released this month". A person would need to make $17.77 per hour or about $35,000 per year to pay rent using 30% of their salary.
According to the study, low-wage work is expected to grow over the next 10 years, but seven of the ten occupations are expected to provide a median wage that is lower than the housing wage.
What do you get when you combine minimum wage with increasing apartment rents?
Best Buy 'error' reveals Netflix and YouTube apps for the Nintendo Switch
And with absolutely zero barriers to entry, you should definitely download this free-to-play battle royale game. The inverse is also happening, limiting accounts that are first used on Switch from playing on PS4.
The data gives fresher context to affordable housing fights taking place across the country.
"While the housing market may have recovered for many, we are nonetheless experiencing an affordable housing crisis, especially for very low-income families, " Sen.
The San Jose market had the second highest housing wage in the US, where a renter would need $48.50 an hour for a two-bedroom apartment going for $2,522 a month.
The National Low Income Housing Coalition, an advocacy group, published a new report Wednesday highlighting the disparities between incomes and rents nationwide. Compared to other states, Washington ranks as the eighth most expensive state for a two-bedroom apartment. The housing wage for a one-bedroom apartment there is $14.64. That means spending no more than 30% of their income on housing costs - the typical rule of thumb when budgeting for housing. 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.
In Ohio, the fair market rent (FMR) for a two-bedroom apartment is $793. Eric Thomas will have more on this study starting at 4 p.m. on ABC7 News. Ben Carson, secretary of Housing and Urban Development, has proposed raising rent for those getting housing subsidies. Bernie Sanders, I-Vt., said in the report.