#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)
- Federal minimum wage: $7.25 (compared to state minimum wages)
- South Dakota minimum wage: $8.65 (law)
