Housing Costs Have Risen So Much That Minimum Wage Earners Can't Afford Rent

·3 min read

The problem, however, is that while housing prices, including rents, are up, the federal minimum wage of $7.25 an hour has remained stagnant for years. A minimum wage worker putting in 40 hours a week can no longer afford a two-bedroom rental anywhere in the country, according to a new report from the National Low Income Housing Coalition. Furthermore, a full-time minimum wage earner can only afford a one-bedroom rental in 7% of all U.S. counties.

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