An annual report from the National Low Income Housing Coalition reveals that full-time minimum wages are insufficient to rent a two-bedroom home. This is true of even modest accommodations around the country.
Across the board, even in the cheapest states, the minimum amount of income necessary to rent a two-bedroom apartment is higher than the minimum wage.
“While Arkansas was deemed the cheapest state for housing, a person working a 40-hour week there would still need to earn $13.84 an hour to afford a two-bedroom home. But the minimum wage in Arkansas is just $8.50,” reports ABC.
The report also stated that there are only a few counties where full-time minimum wage workers can afford a one-bedroom apartment, but in those counties the minimum wage is above the federal requirement.
