minimum wage

Unaffordable Housing: Minimum Wage Won’t Put a Roof Over Your Head

Any list of basic necessities includes shelter—a roof over your head. But roofs, it turns out, are really expensive. In 2017, the federal minimum wage remains just $7.25/hour, although some states have gone as high as $11.50/hour. According to the National Low-Income Housing Coalition’s 2017 Out of Reach report, you’ll need to put in at least 51 hours at minimum wage in order to afford a one-bedroom apartment in South Dakota, the cheapest state.

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Working Full Time Won’t Put a Roof Over Your Head

Even in states with higher-than-the-federal minimum wage, you will still need overtime or a second job to afford a one-bedroom apartment. Your best bet is in South Dakota, it turns out, where just 49 hours a week at minimum wage will get you a one-bedroom apartment. You’ll need to work longer hours if you plan to eat, of course.

There are (at least) two ways to interpret this report:

  1. There aren’t enough affordable rental units.
  2. The minimum wage is (way) too low.

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