LOS ANGELES , A new report reveals the disparity between minimum wage and the cost of an average two-bedroom rental in different US cities.
According to Out of Reach, in no state, metropolitan area, or county can a full-time minimum-wage worker afford a modest two-bedroom rental home, and these workers cannot afford modest one-bedroom apartments in 91% of US counties.
The Out of Reach report from the National Low Income Housing Coalition revealed Californians are among those who have it the worst.
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According to the report, the average Californian needs to earn an hourly wage of $39.01 and work full-time to afford a two-bedroom apartment.
In most of Orange County, workers would need an hourly wage of $44.69, the date shows. In the Los Angeles area, the number aligns with the state average at $39.31.
In San Diego County, renters would need to earn a minimum wage of $42.92, to afford a two-bedroom apartment.
Head up north to the Bay Area and it doesn’t get much better.
In San Francisco, residents need an hourly wage of $61.50 to afford a two-bedroom rental, the report shows. That’s the most expensive in the state.
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On the opposite end of the spectrum, not all parts of California are out of reach for the average American.
In Central California, cities like Bakersfield and Fresno offer a much lower cost of living. In Bakersfield, you’ll need to earn $19.48 per hour to afford a two-bedroom apartment. In Fresno, it gets a bit more expensive at $21.87.
The cheapest county where you will get the most bang for your buck is Modoc County, where you can afford a two-bedroom apartment with a minimum wage of $15.40, according to the report.
The state’s minimum wage is currently $15 an hour for most employees and $14 at businesses with 25 or fewer employees.
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To view the full report on rental costs and minimum wage, click here.