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The absolute least that an employer is legally allowed to pay an employee for an hour's work varies across the country, but one fact remains constant: In no state does working 40 hours a week for minimum wage enable a person to rent a median two-bedroom apartment.
That's according to new research by the National Low Income Housing Coalition covered by The Washington Post. Across the country, it reports, even full-time workers would have to make about or more than twice as much to afford a typical home.
In states such as Alaska, Washington, Colorado, Florida, Virginia, Illinois and most of the Northeast, workers would have to make over $20 an hour. Workers in California, D.C. and Hawaii are the hardest hit by the price of housing: They need to earn a whopping $30, $33 or $35 an hour, respectively, to afford a two-bedroom.
The federal minimum wage is $7.25.
Read more here. (CNBC)
That's according to new research by the National Low Income Housing Coalition covered by The Washington Post. Across the country, it reports, even full-time workers would have to make about or more than twice as much to afford a typical home.
In states such as Alaska, Washington, Colorado, Florida, Virginia, Illinois and most of the Northeast, workers would have to make over $20 an hour. Workers in California, D.C. and Hawaii are the hardest hit by the price of housing: They need to earn a whopping $30, $33 or $35 an hour, respectively, to afford a two-bedroom.
The federal minimum wage is $7.25.
Read more here. (CNBC)
