[Occupymendocino] hourly wageneeded for housing in US

[Richard Karch]

https://finance.yahoo.com/news/hourly-wage-needed-rent-two-184900031.html?soc_src=social-sh&soc_trk=ma


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.
On Wednesday, HUD Secretary Ben Carson will propose to increase the amount low-income households are expected to pay for rent, according to <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> The Washington Post. The legislation would likely make it even tougher for low-income families to rent a home.
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.
That figure is higher in states like New York and California that are hurting the most from the nation's affordable housing crisis. 
A new report <http://nlihc.org/sites/default/files/oor/OOR_2017.pdf> 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:

wage you need to rent two bedroom home map
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Skye Gould/Business Insider
The map is a stark reminder that many Americans, especially low-income workers, can't afford to rent even a modest home. 
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, according to the Bureau of Labor Statistics. <https://www.bls.gov/opub/reports/minimum-wage/2016/home.htm>
Some states are worse than others. In Maryland, for example, the average two-bedroom costs $1,470 per month, according to <https://www.huduser.gov/portal/datasets/fmr.html> 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.
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.
On Wednesday, The Washington Post reported <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> 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 obtained <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> by The Post.
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.

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