Here's How Much You Have To Earn To Afford Rent In Every State.
There’s nothing more certain in life that death, taxes and… rent? According to the National Low Income Housing Coalition, or HLIHC, an average American family needs to earn at least $20.30 an hour to be able to afford a modest two-bedroom apartment, but we all know that life is getting more expensive by the hour.
Any economist will tell you that you shouldn’t spend more than 1/3 of your income on rent, but seriously, much like anything in life, it’s easier said than done! Especially when all the good jobs are taken, and so many folks are barely making minimum wage. Some kindred spirits are willing to pay some of the highest costs of rent in states like New York, and California, while others make their way to cheaper states like Missouri and Montana, where the cost of living is so cheap, it kind of makes up for not being close to the beach. Here’s how much money you have to make per hour in every state.
This map shows how much you’d need to earn to rent a 2 bedroom apartment in each of the states in the US.
They say you should spend 1/3 of your salary on rent, and even though it’s pretty hard, particularly in this economy. The federal government mandates a nation-wide minimum wage of $7.25, but we all know it’s pretty hard to live on that income. Whether you’re looking to relocate in a different state because you’re looking for new opportunities, or you can’t keep up with the rising costs of your hometown, this map will help you plan accordingly, with a state-by-state comparison and how much you’d have to make by the hour in order to afford to live in every state.
Moving to Alabama and becoming a fan of the “Crimson Tide” can be pretty easy.
Their famous football team will give you an excuse to drink on a Saturday morning, and all you need to do is earn just a measly $13.93 per hour. Pretty rocking!
Alaska is a great destination for people who want the isolation and remoteness, far away from the drama.
It’s not cheap though. Get a job that pays $23.25 and you too can enjoy the cold scenery while you go on fishing trips and gaze at those pesky grizzly bears stealing your fish.
Arizona’s Grand Canyon might be just a giant hole in the ground, but hundreds of families flock to this stunning canyon every year.
You too can enjoy this spectacular natural wonder if you get a job that pays $17.18 per hour. Hey, with those views and desert wonders, it’s damn worth it!
Arkansas has earned its “The Natural State” nickname because of its incredible natural landscapes and breathtaking views.
Rejuvenate yourself and your hips in their world famous Hot Springs National Park with a job that pays you $13.26 per hour. Cheap and beautiful? We’re so in!
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