Tag Archives: Poverty Premium

Missouri: Minimum Wage Needed for Rent

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#36 Missouri

In Missouri, the Fair Market Rent (FMR) for a two-bedroom apartment is $815. In order to afford this level of rent and utilities — without paying more than 30% of
income on housing — a household must earn $2,716 monthly or $32,588 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into
an hourly Housing Wage of: $15.67

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Kansas: Minimum Wage Needed for Rent

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#37 Kansas

In Kansas, the Fair Market Rent (FMR) for a two-bedroom apartment is $811. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,703 monthly or $32,434 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into
an hourly Housing Wage of: $15.56

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Ohio: Minimum Wage Needed for Rent

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#41 Ohio

In Ohio, the Fair Market Rent (FMR) for a two-bedroom apartment is $780. In order to afford this level of rent and utilities — without paying more than 30% of income on
housing — a household must earn $2,600 monthly or $31,194 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $15.00

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Michigan: Minimum Wage Needed for Rent

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#29 Michigan 

In Michigan, the Fair Market Rent (FMR) for a two-bedroom apartment is $844. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,815 monthly or $33,775 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $16.24 

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Iowa: Minimum Wage Needed for Rent

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#47 Iowa 

In Iowa, the Fair Market Rent (FMR) for a two-bedroom apartment is $758. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,526 monthly or $30,315 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $14.57 

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

North Dakota: Minimum Wage Needed for Rent

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#28 North Dakota

In North Dakota, the Fair Market Rent (FMR) for a two-bedroom apartment is $851. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,836 monthly or $34,028 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $16.36 

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

South Dakota: Minimum Wage Needed for Rent

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#49 South Dakota 

In South Dakota, the Fair Market Rent (FMR) for a two-bedroom apartment is $734. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,447 monthly or $29,363 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $14.12 

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Nebraska: Minimum Wage Needed for Rent

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#39 Nebraska

In Nebraska, the Fair Market Rent (FMR) for a two-bedroom apartment is $791. In order to afford this level of rent and utilities — without paying more than 30% of
income on housing — a household must earn $2,638 monthly or $31,651 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into
an hourly Housing Wage of: $15.22

–Out of Reach 2017, National Low Housing Coalition (NLIHC)

Indiana: Minimum Wage Needed for Rent

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#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)

Wisconsin: Minimum Wage Needed for Rent

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#31 Wisconsin

In Wisconsin, the Fair Market Rent (FMR) for a two-bedroom apartment is $838. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,792 monthly or $33,501 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: $16.11 

–Out of Reach 2017, National Low Housing Coalition (NLIHC)