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Affordable rental housing becoming nearly impossible for average worker: Here’s why

Rental housing has become increasingly unaffordable, making it difficult for average workers to maintain their standard of living. A new report from the National Low Income Housing Coalitions says there are zero states left where a minimum wage worker can afford a two-bedroom apartment. According to their research, the average U.S. worker must earn just over $25 an hour to afford a two-bedroom apartment and just over $20 an hour for a one-room.

 

The minimum wage in Massachusetts is currently $14.25 per hour, with plans to increase to $15 over the next few years. However, research shows that to afford a two-bedroom apartment in Massachusetts, you need to be making just over $37 per hour, assuming you are an individual who has a 40-hour work week, 52 weeks per year. Professor of Economics John Rogers was asked for his expert opinion, which can be found at WWLP-22News

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