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Strategies & Market Trends : World Outlook
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To: Les H who wrote (24402)7/15/2020 5:28:49 PM
From: Les H2 Recommendations

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marcher
The Ox

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The report, released Tuesday, defines "affordable" as spending no more than 30% of monthly income on rent, in line with what most budgeting experts recommend. Nationally, NLIHC puts the "housing wage" for 2020 — or what a full-time worker must make in order to afford a fair market rental without spending more than 30% of his or her income — at $23.96 per hour for a two-bedroom rental and $19.56 per hour for a one-bedroom.

That means even the average hourly worker who earns $18.22 per hour cannot afford rent, the report says. Many workers deemed essential during the coronavirus pandemic earn even less. "Grocery store cashiers earn a median wage of $11.61 per hour, while building cleaning workers and home health and personal care aides earn $12.94," per NLIHC.

cnbc.com
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