#40 Indiana
In Indiana, the Fair Market Rent (FMR) for a two-bedroom apartment is $789. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,629 monthly or $31,550 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into
an hourly Housing Wage of: $15.17
–Out of Reach 2017, National Low Housing Coalition (NLIHC)
- Federal minimum wage: $7.25 (compared to state minimum wages)
- Indiana minimum wage: $7.25 (law)