Wage you need to rent a two bedroom home

[Guest]

[Guest]

The map is a stark reminder that many Americans, especially low-income workers, can't afford to rent even a modest home. 

The average wage needed to rent a two-bedroom home ($21.21) is nearly three times more than the federal minimum wage of $7.25. Over 2 million US workers make at or below the federal minimum, according to the Bureau of Labor Statistics.

Some states are worse than others. In Maryland, for example, the average two-bedroom costs $1,470 per month, according to HUD's Fair Market Rents estimates. To sign a lease, a renter would need to earn $28.27 per hour, even though the state's hourly minimum wage is stuck at $8.75.

The report also looks at the availability of affordable housing in counties around the US. It reveals that nationwide, there are only 12 counties where minimum-wage workers can afford one-bedroom units. These counties are all in states with minimum wages above the federal standard: Washington, Arizona, and Oregon.In places with big urban housing markets, like California and DC, there are even larger deficits of affordable housing.

Even if Americans make above minimum wage, they could still feel like they aren't making enough to scrape by on rent — let alone save for retirement.

[tennisluvr]

[JANASENA]

FL lo $20 aa 

[JANASENA]

I think owning a home is much more cheaper than renting it. 

[Kalam_Youtheman]

DC MD CA... around same bapath undhii

true data

[Guest]

1 hour ago, JANASENA said:

I think owning a home is much more cheaper than renting it. 

Depends on the area home owner..

[Kalam_Youtheman]

1 hour ago, JANASENA said:

I think owning a home is much more cheaper than renting it. 

true.. 

[princeofheaven]

11 hours ago, Guest said:

chalo NM next project ki , less rent

[tennisluvr]

3 minutes ago, princeofheaven said:

chalo NM next project ki , less rent

Good place too. Albuquerque is a good city to live. 

[Quickgun_murugan]

11 hours ago, Guest said:

The map is a stark reminder that many Americans, especially low-income workers, can't afford to rent even a modest home. 

The average wage needed to rent a two-bedroom home ($21.21) is nearly three times more than the federal minimum wage of $7.25. Over 2 million US workers make at or below the federal minimum, according to the Bureau of Labor Statistics.

Some states are worse than others. In Maryland, for example, the average two-bedroom costs $1,470 per month, according to HUD's Fair Market Rents estimates. To sign a lease, a renter would need to earn $28.27 per hour, even though the state's hourly minimum wage is stuck at $8.75.

The report also looks at the availability of affordable housing in counties around the US. It reveals that nationwide, there are only 12 counties where minimum-wage workers can afford one-bedroom units. These counties are all in states with minimum wages above the federal standard: Washington, Arizona, and Oregon.In places with big urban housing markets, like California and DC, there are even larger deficits of affordable housing.

Even if Americans make above minimum wage, they could still feel like they aren't making enough to scrape by on rent — let alone save for retirement.

ee lekkana indian H1Bs are having better life than most of the Americans antaav anthena?

[JANASENA]

39 minutes ago, Guest said:

Depends on the area home owner..

maa area lo mortgage $1000 (single family home with 740 credit score) 

Renting emo $1200 2bd/2ba in a decent community.  Still by owing a house you save $200 

[princeofheaven]

Just now, JANASENA said:

maa area lo mortgage $1000 (single family home with 740 credit score) 

Renting emo $1200 2bd/2ba in a decent community.  Still by owing a house you save $200 

prop taxes and HOA fees entha??

[JANASENA]

1 minute ago, princeofheaven said:

prop taxes and HOA fees entha??

$1500 and 150/month

[Guest]

6 minutes ago, JANASENA said:

maa area lo mortgage $1000 (single family home with 740 credit score) 

Renting emo $1200 2bd/2ba in a decent community.  Still by owing a house you save $200 

ye state mestaru..mortgage 1000 ante around 200k ki single family home aa..