Yes, the American economy is improving, and yes, we’re creating more jobs. But the hourly wages for a lot of these jobs arestagnant at best. According to the Pew Research Center, 30 percent of America’s workforce earns a near-minimum-wage salary—that’s almost 21 million people. As a cruel paradox, rents across the country keep rising.A new report by the National Low Income Housing Coalition examines how these opposite trends play out regionally. The work maps how much an American worker needs to earn per hour in each state to rent a two-bedroom apartment. It finds that in no state can a person earning minimum wage afford such an apartment at market rent.
In other words, if you don't make enough money to comfortably pay rent, don't rent your own apartment, and leave the west coast.
Using the metric of affordability, the study shows that the ceiling is $377/month. You can rent in Houston for $366/month, New Orleans for $370/month, Oklahoma City for $399/month, Cleveland for $395/month and Philadelphia for $400/month for two bedrooms.
Quote from: DAS "كافر" B00T on June 01, 2015, 03:43:11 PMIn other words, if you don't make enough money to comfortably pay rent, don't rent your own apartment, and leave the west coast.Yeah, everybody should just abandon major cities they live in and try to find a better life elsewhere and raise the cost of living wherever they move to. Capital idea, old bean.
You can't live IN those cities - you can live outside of them. It's always cheaper to live on the outskirts of a major metro area.
Quote from: challengerX on June 01, 2015, 06:12:22 PMQuote from: DAS "كافر" B00T on June 01, 2015, 03:43:11 PMIn other words, if you don't make enough money to comfortably pay rent, don't rent your own apartment, and leave the west coast.Yeah, everybody should just abandon major cities they live in and try to find a better life elsewhere and raise the cost of living wherever they move to. Capital idea, old bean.Yeah fuck all the people you grew up with, friends and family. just move, it's that easy.
Furthermore, state- and even county-level studies of housing costs don't tell us as much as we would like them to, given the existence of low-rent areas within these states and counties which aren't properly accounted for by the research. There is a great deal of variability in rent, even in places like New York City.