Yeah, ideally rent should be around 1/3rd of your income. In my town, a conservative 2br 1ba apt is gonna cost you about $2000. That means minimum wage would have to be around $34.
Alternatively, with our minimum wage currently at $15.45, that means a two bedroom apartment would have to be priced below $900.
This is saying that minimum wage should be enough to afford a 2br apartment. If all your money goes to rent, you can’t afford it.
Yeah, ideally rent should be around 1/3rd of your income. In my town, a conservative 2br 1ba apt is gonna cost you about $2000. That means minimum wage would have to be around $34.
Alternatively, with our minimum wage currently at $15.45, that means a two bedroom apartment would have to be priced below $900.