Sunday, June 21, 2015

Realty reality

cost of living by state 

Click on the image above to enlarge image

The National Low Income Housing Coalition has calculated the hourly wage a resident would need to earn to afford a moderate, two-bedroom apartment in each state. They found that the average hourly wage needed to rent a $1,006 two-bedroom unit in the United States is $19.35  -- $40,240 per year.

And yet there are those among us who believe that a single mother with two children should be happy to get by with the minimum wage of  $7.25. Even someone earning $19.35 a hour would have to work forty hours a week, fifty-two weeks of the year to earn the $40,240 needed. And people working for minimum wage are usually not working full-time all year long.

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