The report's Housing Wage is an estimate of the hourly wage a full-time worker must earn to afford a rental home at HUD's fair market rent (FMR) without spending more than 30 percent of his or her income on housing costs.
New Orleans residents need on average to earn at least $19.15 per hour to rent a two-bedroom apartment in the city and live comfortably, a report out Wednesday shows - about 61 cents more than they needed a year ago.
Employees in the Commonwealth must make $23.29 an hour to afford a two-bedroom apartment, according to the study.
Meanwhile, the Trump administration has tried cutting federal housing subsidies for the lowest-income Americans. Bernie Sanders wrote in the report's preface.
Let's look at the math: If a worker holds two full-time minimum wage jobs, they'd be earning $14.50 an hour total - still under the $17.90 needed to afford rent and have 70% of your income left over for non-housing related expenses.
San Francisco tops the list for the cities with the most expensive housing wage.
Recién nacida sobrevive 7 horas enterrada
Recién nacida sobrevive siete horas tras ser enterrada en una fosa siendo rescatada por efectivos policiales. Al momento, la noticia le ha dado la vuelta al mundo y ha generado miles de reacciones.
That's a 22 percent salary increase over what someone had to earn to pay for that same apartment previous year. While the rental market added more than 6.7 million housing units during this period, the number of units renting for less than $800 declined by more than 260,000. What's less clear is how, and when, affordable housing will be the new normal.
And many people coming to the organization for help have jobs. "That's why we're seeing an increase in homelessness, that's why we're seeing an increase in people living in their vehicles and an increase in people coming to us for services". In the Burlington-South Burlington area, the housing wage is $27.73, but that wage drops to $15.21 in Orleans County. New units are expensive and occupied rapidly, according to Donnelly.
What do you get when you combine minimum wage with increasing apartment rents?
But if you're one of the many Bay Area residents fleeing because of the local housing crisis, you may still have difficulty elsewhere.
Rents are lower in more economically depressed parts of the state like Rutland and the Northeast Kingdom, but available housing can have "serious health concerns" from lead paint and mold, according to Mahnke.
Vermont towns need to examine their zoning laws to ensure that multi-family dwellings can be built, Mahnke said, which provide "greater value for lower cost". In Seattle, the minimum wage now ranges from $11.50 to $15 an hour depending on the size of the employer and benefits offered. However, the report's authors cautioned against thinking that increasing minimum wage would be a "silver bullet solution".