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In reply to the discussion: A Minimum-Wage Worker Can't Afford A 2-Bedroom Apartment Anywhere in the US [View all]oberliner
(58,724 posts)9. "...without paying more than 30 percent of their income."
Which is kind of arbitrary.
A 2-bedroom apartment in a not-so-nice area of NYC is going to cost around $3500 a month, which is $42,000 a year.
By this metric, no one making less than $140,000 a year can afford a 2-bedroom apartment in NYC.
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A Minimum-Wage Worker Can't Afford A 2-Bedroom Apartment Anywhere in the US [View all]
appalachiablue
Jun 2018
OP
'POVERTY Is Rising Faster in US Suburbs Than In Cities, Here's Why' June 2, '18
appalachiablue
Jun 2018
#28
A full-time minimum-wage job won't get you a 1-bedroom apartment anywhere in America (2015)
oberliner
Jun 2018
#7
"no one making less than $140,000 a year can afford a 2-bedroom apartment in NYC."
BumRushDaShow
Jun 2018
#21
Yup, but lenders still use the 30% figure, even on high income households. (n/t)
thesquanderer
Jun 2018
#35
Besides rent control, NYC is also unusual because you typically don't need a car.
thesquanderer
Jun 2018
#37
Right. A version of this article comes out every year, it's still silly. Not just for the 30% reason
thesquanderer
Jun 2018
#23
As urban areas become more trendy and hip to live in, its the suburbs where low income families move
YOHABLO
Jun 2018
#10
The only way I could afford a one-bedroom on min wage in college was roommates...
Hekate
Jun 2018
#16
The headline to this post ought to be the rallying cry for ALL Democrats. n/t
Eyeball_Kid
Jun 2018
#17
Yeah. This is inaccurate on many levels and averages for such things are skewed.
Decoy of Fenris
Jun 2018
#25
What are the chances this bare economic fact and Ben Carson's rent increase will be covered on NPR..
Anon-C
Jun 2018
#29
Also related to serious decline of the US middle class. Unions are critical.
appalachiablue
Jun 2018
#47
So sorry for your loss and housing situation now at such a difficult time.
appalachiablue
Jun 2018
#59
In Upper Michigan, one can rent nice 3 BR homes for far less then $1,000 a month
Kaleva
Jun 2018
#61