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Minimum wage workers need more than 2 full time jobs to afford a one bedroom apartment, study shows


WASHINGTON (Circa) -- A new report from the National Low Income Housing Coalition has found minimum wage workers need to earn $22.10 an hour in order to afford a "modest" two bedroom apartment.

If they were to spend money for a 2 bedroom rental without making $22.10 an hour, they would be spending more than 30 percent of their income - which is not recommended.

The recommended amount necessary is three times the rate of the current minimum wage - $7.25. The same coalition also found that the average worker needs to be making $17.90 an hour in a full time job in order to afford a modest one bedroom apartment.

The coalition measures a full time job as working 40 hours a week for 52 weeks a year. According to the report, the average hourly worker currently makes $16.88 per hour - $1.02 less than what the report says is necessary.

In some states, the amount of money needed to just live in a one bedroom apartment is higher than the national average. In California, you need to make $25.67 while in New York you would need to earn $25.65 an hour. In Washington, you would need to earn $21.56 and in Virginia you need to be making at least $20.15 per hour.

The coalition used the Department of Housing and Urban Development's fair market rent calculation to come up with their analysis.

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