America Has an Affordable Housing Crisis

Here's how many hours a minimum wage employees would have to work to afford a one-bedroom apartment in each state.

It is quite shocking that there is not a single state in the U.S. where a minimum wage employee working full-time can fairly afford to rent a one-bedroom apartment. While 29 states, plus the District of Columbia, have taken steps to raise the minimum wage above the federal rate of $7.25 per hour, affordable housing remains unachievable for the country's low-income workers.

The infographic that follows the report from the National Low Income Housing Coalition reveals how crucial the problem is with the situation deteriotating over the past five years. At $7.25 per hour, a person would have to work 86 hours each week (more than double the standard full-time work week) in order to afford a one-bedroom apartment at the 2015 Fair Market Rent of $806.

For the purposes of this report, an "affordable" appartment is defined one according to the federal standard, which maintains that a housing unit is affordable if rent and utilities cost 30 percent or less of a household's gross income

Note: Florida's minimum wage is $8.05 per hour, which is not noted on the map above.
At full-time, a minimum wage worker would have to make at least $15.50 per hour to be able to rent a one-bedroom apartment at the fair market rent. And if they have family, they would have to make $19.35 per hour to afford a two-bedroom unit.
So what do you think? Feel free to leave your comments.

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