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A new report shows that full-time workers across the U.S. need to earn more than $23 per hour to afford a basic one-bedroom apartment.
The National Low Income Housing Coalition found that to rent a one- or two-bedroom apartment without paying more than 30% of their income, workers need higher wages. To afford a one-bedroom, workers must earn $23.67 an hour. For a two-bedroom, the hourly rate jumps to $28.58.
The report also revealed that no state allows minimum wage workers to afford a modest two-bedroom rental while working 40 hours a week. A minimum wage worker would need to work about 104 hours a week to cover the cost. For a one-bedroom, they'd have to work 86 hours a week. Half of workers don't earn enough in a 40-hour work week to afford a one-bedroom.
