10 overpriced states - ForumDaily
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10 overpriced states

Photo: depositphotos.com

Photo: depositphotos.com

In many cities in the United States, the cost of rent is rising, so hardworking Americans are struggling to make ends meet.

The Reach report for 2016 shows the dismal state of tenants throughout the United States.

According to the Housing Coalition's annual National Low Income study, there is not a single state in the United States where full-time workers with minimum wages can afford to rent a one-room apartment at a fair market price without spending more than 30% of the monthly income.

The diagram below shows how many hours a week an American should work in order to afford renting a one-room apartment.

 

Nationally, tenants must earn $ 20,30 per hour to afford a modest 2-room apartment, according to the report, and $ 16,35 per hour for renting an 1-room apartment.

 

“Three-quarters of low-income families pay more than half of their income for a roof over their head, leaving less money for food, child care, transportation and other essentials,” said Julian Castro, Secretary of Housing and Urban Development. “I learned from one family in San Jose, where both parents worked full-time, that the only place they could afford was the local homeless shelter.”

As indicated in the report, in these 10 states, Americans need to earn 3 or 4 minimum wages in order to afford to rent an 2-room apartment for a family.

10. Washington

  • Fair market rent for an apartment with 2 bedrooms: $ 1 203.
  • How much should you earn per hour to afford an apartment rental: $ 23,13.
Photo: depositphotos.com

Photo: depositphotos.com

9. Alaska

  • Fair market rent for an apartment with 2 bedrooms: $ 1 209.
  • How much should you earn per hour to afford an apartment rental: $ 23,13.
Photo: depositphotos.com

Photo: depositphotos.com

8. Connecticut

  • Fair market rent for an apartment with 2 bedrooms: $ 1 285.
  • How much should you earn per hour to afford an apartment rental: $ 24,72.
Photo: depositphotos.com

Photo: depositphotos.com

7. Massachusetts

  • Fair market rent for an apartment with 2 bedrooms: $ 1 379.
  • How much should you earn per hour to afford an apartment rental: $ 26,52.

6. New Jersey

  • Fair market rent for an apartment with 2 bedrooms: $ 1 379.
  • How much should you earn per hour to afford an apartment rental: $ 26,52.

5. Maryland

  • Fair market rent for an apartment with 2 bedrooms: $ 1 380.
  • How much should you earn per hour to afford an apartment rental: $ 26,52.

4. New York

  • Fair market rent for an apartment with 2 bedrooms: $ 1 388.
  • How much should you earn per hour to afford an apartment rental: $ 26,69.

3. California

  • Fair market rent for an apartment with 2 bedrooms: $ 1 487.
  • How much should you earn per hour to afford an apartment rental: $ 28,59.

2. Columbia region

  • Fair market two-bedroom apartment rental: $ 1 623.
  • How much should you earn per hour to afford an apartment rental: $ 31,21.

1. Hawaii

  • Fair market rent for an apartment with 2 bedrooms: $ 1 780.
  • How much should you earn per hour to afford an apartment rental: $ 34,22.

 

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