Rent prices too high for minimum wage jobs

Study: Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

Study: Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

That means a minimum wage worker would have to hold 1.9 jobs to make the rent on a two-bedroom apartment and 1.5 jobs for a one-bedroom apartment.

Six-figure salaries considered low income in some Bay Area countiesThat's according to a study by the National Low Income Housing Coalition, an affordable housing advocacy group. Luckily, the average wage of a renter in Cuyahoga County is $15.38, further promoting Cleveland as " a very affordable, decent place to live".

For example, in Arkansas, you only need to earn a little over $13 for a typical 2-bedroom apartment. According to a new survey by the National Low Income Housing Coalition, renters in San Francisco need an income of $60 per hour to afford a two bedroom apartment in the city.

"Absent public subsidy", the report reads, "the private market fails to provide sufficient housing affordable to the lowest income households". "And it's just the mismatch between where rents are at in Central Ohio compared to where wages are".

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The NLIHC then used that number to determine how much a full-time worker has to earn without spending 30% of their income on housing.

Low wages are compounded by a shortage in federal housing assistance. Enrique Jevons, owner of Jevons Property Management in Yakima, does have apartments for $595 a month, but they are only a small percentage of the rentals his company manages.

Rents are lower in more economically depressed parts of the state like Rutland and the Northeast Kingdom, but available housing can have "serious health concerns" from lead paint and mold, according to Mahnke. The housing wage for a one-bedroom apartment there is $14.64. A worker earning minimum wage of $11.50 per hour would have to work 75 hours per week to afford a one-bedroom apartment priced at the fair market rent of $1,121 per month. Ohio's "housing wage" - the hourly wage a renter needs to earn to pay for a basic, two-bedroom unit - increased again this year to $15.25, with our minimum wage now sitting at $8.30.

Most low-income renters rely on older structures that become more affordable over time but there isn't enough of that type of housing to go around. That's especially true for Americans working minimum-wage jobs who rent a home.

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High housing costs in Colorado and across the country have been putting the pinch on renters and prospective home buyers for some time. Over the past decade, construction of new rental units has been geared toward the high end of the market.

There also is strong demand for rentals in those higher price ranges locally, said Jevons. Cleveland is now undergoing a wave of new housing opportunities, many of which are geared as luxury living.

Anyone making that amount would have to work triple shifts of 119 hours a week for a 2-bedroom apartment.

"Those rents can not support the kinds of renovations that are needed for our older housing stock", Mahnke said.

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The low-wage workforce is projected to grow over the next decade, particularly in service-sector jobs such as personal-care aides and food-preparation workers.

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