<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><a href="https://finance.yahoo.com/news/hourly-wage-needed-rent-two-184900031.html?soc_src=social-sh&soc_trk=ma" class="">https://finance.yahoo.com/news/hourly-wage-needed-rent-two-184900031.html?soc_src=social-sh&soc_trk=ma</a><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><div id="app" style="font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; background-color: rgb(255, 255, 255);" class=""><div data-reactroot="" data-reactid="1" data-react-checksum="-1242275581" class=""><div class=" render-target-active W(100%) Pos(a) render-target-default modal-open_Op(1)" id="render-target-default" data-reactid="2" style="position: absolute; width: 861.3333129882813px;"><div class="finance US en-US" data-reactid="3"><div id="YDC-MainCanvas" class="Pos(a) Bgc($bg-body) Bxz(bb) W(100%) Mih(100%) lightweight_Miw(1247px) YDC-MainCanvas" data-reactid="4" style="box-sizing: border-box; min-height: 100%; position: absolute; width: 861.3333129882813px;"><div class="Bgc($bg-content) Cf" itemscope="" itemtype="https://schema.org/NewsArticle" data-reactid="10" style="zoom: 1;"><div class="W(1/1) Pos(r)" data-reactid="18" style="position: relative; width: 861.3333129882813px;"><div class="W(3/4) W(1/1)--sm Bxz(bb) W(2/3)--md" data-reactid="19" style="box-sizing: border-box; width: 861.3333129882813px;"><div id="YDC-Col1" class="ie-7_W(45%) Mstart(33.3%) Mstart(0)--sm Bxz(bb) Mstart(0)--md P(20px) W(1/1)--sm YDC-Col1 W(1/1)--md" data-reactid="38" style="box-sizing: border-box; margin-left: 0px; padding: 20px; width: 861.3333129882813px;"><div id="YDC-Col1-Stack" class="Pos(r) Maw(800px)--lg Mih(0)--sm YDC-Col1-Stack Mih(650px) M(a) Maw(600px)" data-reactid="39" style="margin: auto; max-width: 600px; min-height: 0px; position: relative;"><div id="Main" role="content" tabindex="-1" data-reactid="40" style="outline: 0px;" class=""><div data-reactid="41" class=""><div id="mrt-node-Col1-0-ContentCanvas" data-locator="subtree-root" class=""><div id="Col1-0-ContentCanvas-Proxy" data-reactroot="" data-reactid="1" data-react-checksum="1433208370" class=""><div id="Col1-0-ContentCanvas" class="content-canvas Bgc(#fff) Pos(r)" data-reactid="2" style="position: relative;"><article itemprop="articleBody" data-uuid="866de34b-b2a0-3cef-b9d9-93e54419c79d" data-type="story" data-reactid="9" class=""><div class="Wow(bw) Cl(start) Mb(20px) Lh(1.6) Ff($ff-secondary) C($c-fuji-grey-l) D(i) Fz(15px) canvas-body" data-reactid="14" style="clear: left; color: rgb(38, 40, 42); display: inline; font-size: 15px; line-height: 1.6; margin-bottom: 20px; word-wrap: break-word;"><ul class="canvas-list List(d)" data-type="list" data-reactid="15" style="margin: 0px 0px 1.5em; padding-left: 20px;"><li data-reactid="16" class="">A new report shows the hourly wages workers need to rent a two-bedroom home. Hawaii and California require the highest wages in the country to rent a home.</li><li data-reactid="17" class="">On Wednesday, HUD Secretary Ben Carson will propose to increase the amount low-income households are expected to pay for rent, <a href="https://www.washingtonpost.com/news/wonk/wp/2018/04/25/hud-secretary-ben-carson-to-propose-rent-increases-for-low-income-americans-receiving-federal-housing-subsidies/?utm_term=.e52c57bc991a" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">according to</a> The Washington Post. The legislation would likely make it even tougher for low-income families to rent a home.</li></ul><div style="margin: 0.8em 0px 0px;" class="">To rent a two-bedroom home, on average, you would need to earn $21.21 per hour as a full-time worker in the United States.</div><div style="margin: 0.8em 0px 0px;" class="">That figure is higher in states like New York and California that are hurting the most from the nation's affordable housing crisis. </div><div style="margin: 0.8em 0px 0px;" class="">A new <a href="http://nlihc.org/sites/default/files/oor/OOR_2017.pdf" rel="nofollow noopener" target="_blank" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">report</a> from the National Low Income Housing Coalition shows what an hourly worker needs to make to afford a two-bedroom rental home — without paying more than 30% of their income — in each state, plus Washington, DC and Puerto Rico. Depending on the location, the hourly wages required for housing range from $9.68 (in Puerto Rico) to $35.20 (in Hawaii) for people working 40 hours per week, 52 weeks per year:</div><figure class="My(20px)--sm canvas-atom Ta(c) canvas-image Mx(a) My(24px)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="https://schema.org/ImageObject" data-reactid="21" style="margin: 20px auto; text-align: center; max-width: 100%;"><div class="D(ib) Maw(100%)" data-reactid="24" style="display: inline-block; zoom: 1; max-width: 100%;"><img alt="wage you need to rent two bedroom home map" class="Trsdu(.42s) Maw(100%)" itemprop="url" data-reactid="25" style="border-style: none; vertical-align: bottom; max-width: 100%; transition-duration: 0.42s;" apple-inline="yes" id="877C4A1A-4042-463B-94ED-A621A56A8ACC" height="644" width="800" apple-width="yes" apple-height="yes" src="cid:6CC21214-CE6C-4B58-AC12-393971CFFC05@hsd1.ca.comcast.net."></div><div itemprop="caption description" class="Mah(80px) Ff(ss) Pos(r) Ov(h)" data-reactid="27" style="zoom: 1; font-family: Helvetica, Arial, sans-serif; max-height: 80px; overflow: hidden; position: relative;"><figcaption class="Fz(13px) C($c-fuji-grey-h) Py(5px) Lh(1.5)" title="wage you need to rent two bedroom home map" data-reactid="28" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;"><div class="figure-caption" data-reactid="29">wage you need to rent two bedroom home map</div></figcaption><button class="P(0) Bd(0) Ta(start) Cur(p) C($c-fuji-blue-1-b) T(63px) Pos(a) O(0) W(100%) Bgc(#fff) Fz(13px) Lh(1.5)" data-reactid="30" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 1.5; border: 0px; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;"><span data-reactid="31" class="">More</span></button></div></figure><div style="margin: 0.8em 0px 0px;" class="">Skye Gould/Business Insider</div><div style="margin: 0.8em 0px 0px;" class="">The map is a stark reminder that many Americans, especially low-income workers, can't afford to rent even a modest home. </div><div style="margin: 0.8em 0px 0px;" class="">The average wage needed to rent a two-bedroom home ($21.21) is nearly three times more than the federal minimum wage of $7.25. Over 2 million US workers make at or below the federal minimum, <a href="https://www.bls.gov/opub/reports/minimum-wage/2016/home.htm" rel="nofollow noopener" target="_blank" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">according to the Bureau of Labor Statistics.</a></div><div style="margin: 0.8em 0px 0px;" class="">Some states are worse than others. In Maryland, for example, the average two-bedroom costs $1,470 per month, <a href="https://www.huduser.gov/portal/datasets/fmr.html" rel="nofollow noopener" target="_blank" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">according to</a> HUD's Fair Market Rents estimates. To sign a lease, a renter would need to earn $28.27 per hour, even though the state's hourly minimum wage is stuck at $8.75.</div><div style="margin: 0.8em 0px 0px;" class="">The report also looks at the availability of affordable housing in counties around the US. It reveals that nationwide, there are only 12 counties where minimum-wage workers can afford one-bedroom units. These counties are all in states with minimum wages above the federal standard: Washington, Arizona, and Oregon. In places with big urban housing markets, like California and DC, there are even larger deficits of affordable housing.</div><div style="margin: 0.8em 0px 0px;" class="">On Wednesday, The Washington Post <a href="https://www.washingtonpost.com/news/wonk/wp/2018/04/25/hud-secretary-ben-carson-to-propose-rent-increases-for-low-income-americans-receiving-federal-housing-subsidies/?utm_term=.e52c57bc991a" rel="nofollow noopener" target="_blank" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">reported</a> that HUD Secretary Ben Carson will propose to increase the amount low-income households are expected to pay for rent. In addition, these households receiving housing subsidies would be required to work, according to the Trump administration's legislative proposal <a href="https://www.washingtonpost.com/news/wonk/wp/2018/04/25/hud-secretary-ben-carson-to-propose-rent-increases-for-low-income-americans-receiving-federal-housing-subsidies/?utm_term=.e52c57bc991a" rel="nofollow noopener" target="_blank" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">obtained</a> by The Post.</div><div style="margin: 0.8em 0px 0px;" class="">The move — which will require Congressional approval — would affect more than 4.5 million families relying on federal housing assistance. If passed, the legislation would likely make it even harder for low-income households to make rent.</div><div style="margin: 0.8em 0px 0px;" class=""><br class="">Related Video: Employers Can't Pay Women Less Because of Previous Salary</div><div class="react-placeholder Mb(12px) W(100%) Mt(12px) Pos(r) Mt(0.8em)--sm" data-reactid="40" style="margin-top: 0.8em; margin-bottom: 12px; position: relative; width: 600px; padding-bottom: 337.7916564941406px;"><span data-reactid="41" class=""></span></div><div style="margin: 0.8em 0px 0px;" class=""><em class="">Watch <a href="https://view.yahoo.com/browse/tv/genre/news-and-information?utm_campaign=tout&utm_medium=referral&utm_source=yahoo/" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">news</a>, TV and more on <a href="https://view.yahoo.com/?utm_campaign=tout&utm_medium=referral&utm_source=yahoo" style="background-color: transparent; color: rgb(45, 144, 255); text-decoration: none;" class="">Yahoo View</a>.<br class=""></em></div><div style="margin: 0.8em 0px 0px;" class="">NOW WATCH: <a href="http://www.businessinsider.com/earnings-growth-can-rescue-stocks-from-trade-war-disaster-2018-3?utm_source=yahoo&utm_medium=referral" rel="nofollow noopener" target="_blank" style="background-color: transparent; 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