In 2010 , New York City mayoral prospect Jimmy McMillan made the catchword “ the rent is too all-fired high ” a rally cry . Not much has changed since then — for most the great unwashed , the rent is still far too high . According to a new story ( have onDigg ) , the average hourly wage require to rent a two - bedroom home across the U.S. is $ 21.21 , or around three times the federal minimum wage . The National Low Income Housing Coalition ’s annual report on housing affordability , " Out of Reach : The eminent Cost of Housing " [ PDF ] inside information just how much money the modal renter needs in order of magnitude to make rent easily . The figures are free-base on what the average house would have to earn in orderto devote fora modest dwelling house using less than a third of their paycheck ( a common criterion for what ’s " affordable " in housing ; any more is consider " rent - burden " [ PDF ] ) . The cost estimate are taken from the U.S. Department of Housing and Urban Development .
allot to the report , even though many State Department have higher minimum pay laws than the federal government , " in no nation , metropolitan orbit , or county can a full - metre minimum - wage prole afford a low two - bedchamber rental home . In only 12 counties can a full - clip minimum - wage worker afford a small one - sleeping accommodation rental rest home . " ( The report does n’t take into account placeslike Portland , where the minimal wage is higher than in other parts of Oregon . )
The National Low Income Housing Coalition calculates these form afresh every year , and for the most part , rental costs are continuing to rise across the country . Whereas you used to require $ 28.60 an hour to afford a two - bedroom in California , in 2017 , you ’ll postulate almost $ 31 an hour . Hope you ’re getting a rise this year.[h / tDigg ]
