There is no U.S. state, metropolitan area or county where a minimum-wage worker clocking 40 hours a week could reasonably afford a “modest two-bedroom rental home” with an average fair-market rent of $1,486, according to a report out Wednesday from an affordable-housing advocacy group.
That’s true whether the worker makes the federal minimum wage of $7.25 an hour or a higher city- or state-based minimum wage of $15 or more, the National Low Income Housing Coalition said in an annual report on unaffordable rental prices for…
This post was originally published on Market Watch
