Percentage Of Income Needed For Rent

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In only 12 U.S. counties can a full-time worker earning the prevailing federal or state minimum-wage afford a one-bedroom rental home at the fair market rent, without paying more than 30% of their income. Only 0.1% of renter households reside in these areas. 76.4% of renter households reside in a county or metro area where a minimum-wage worker must work more than 60 hours per week [National Low Income Housing Coalition].

Income needed to pay rent in America’s largest cities:

1. San Francisco, CA – $179,529
2. New York, NY – $164,614
3. Boston, MA – $135,686
4. Los Angeles, CA – $109,543
5. Washington, DC – $103,543
6. Chicago, IL – $96,600
7. Seattle, WA – $86,786
8. Miami, FL – $73,800
9. Philadelphia, PA – $67,371
10. Riverside, CA – $61,329
11. Atlanta, GA – $53,914
12. Dallas, TX – $51,600
13. Houston, TX – $46,629
14. Detroin, MI – $46,586
15. Phoenix, AZ – $41,057

Related post:

• Salary you need to afford the average home in your state