Hillary Hoffower and Andy Kiersz, Business Insider:
The National Low Income Housing Coalition’s (NLIHC) annual report recently took a look at the Housing Wage, an estimate of the hourly wage a full-time worker needs to earn to afford a rental home at the US Department of Housing and Urban Development’s fair-market rent. That means spending no more than 30% of their income on housing costs — the typical rule of thumb when budgeting for housing.
NLIHC found that a worker needs to earn $17.90 an hour at a full-time job — 40 hours a week, 52 weeks a year — to afford a modest one-bedroom apartment. That’s over $10 more than the federal minimum wage of $7.25.
Only five states — Arizona, California, Colorado, Oregon, and Washington — have one-bedrooms affordable for minimum-wage workers across 22 counties.
All of these states have minimum wages higher than the federal minimum wage, but if you’re looking for housing outside of the 22 counties, even these higher minimum wages aren’t enough.