A Full-Time Worker Earning Minimum Wage Cannot afford a One-Bedroom Apartment Anywhere in America
/The National Low Income Housing Coalition's (NLIHC) Annual Report, Out of Reach 2005 , calculates the hourly wage that someone must earn - working 40 hours a week, 52 weeks a year - to be able to afford rent and utilities in the private local housing market in every state, metropolitan area and county in the country. This year’s national Housing Wage is $15.78 an hour, up from $15.37 an hour in 2004. This is more than three times the federal minimum wage, further highlighting the difference between what people earn and what people are expected to pay for housing in the United States. For the first time, NLIHC’s data shows that a full-time worker at minimum wage cannot afford a one-bedroom apartment anywhere in country, further illustrating the dire situation that denies many a right to adequate housing. Out of Reach 2005 calculates the number of full-time wage earners a household needs in order to afford the Fair Market Rent in any area of the country. Nationally, a family with two full-time workers earning federal minimum wage would make just $21,424, significantly less than the $32,822 annually they would need to afford a modest two-bedroom apartment. [more]