The Minimum Wage Required to Rent a Two Bedroom Apartment In Each State

If you’re not ready to buy a home, renting an apartment is usually your best bet. According to a new report, these are the minimum hourly wages you need to earn in each state in order to rent an average two bedroom apartment.

The report, from the National Low Income Housing Coalition, is based on a wide range of data, including the fair market rent listing for two bedroom apartments in each state and the average wage most renters in the state actually make. What isn’t too surprising is the fact that no state’s current minimum wage is enough for someone to rent a two bedroom apartment there. Keep in mind, however, the report is based on a single person paying all of the rent. So a roommate would ideally cut the required minimum wage in half. Still, it’s interesting to see how affordable and outright expensive some states can be. You can check out the full report at the link below.

Out of Reach 2015 | National Low Income Housing Coalition via CityLab

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