Earn minimum wage in the US? You can afford to live in exactly 12 counties

Earn minimum wage in the US? You can afford to live in exactly 12 countiesA person working a full-time minimum-wage job will find it virtually impossible to rent an affordable home anywhere in the US, according to a study that sheds new light the country’s housing crisis. The report reveals that there is not a single county or metropolitan area in which a minimum-wage worker can afford a modest two-bedroom home, which the federal government defines as paying less than 30% of a household’s income for rent and utilities. This applies even in places that have raised their minimum wage higher than the baseline federal level of $ 7.25, which equates to around $ 15,000 a year.



Yahoo News – Latest News & Headlines