How Much You Need to Earn to Afford a Modest Apartment in CA (REPORT)
According to the National Low Income Housing Coalition California comes in 3rd for highest housing wage in the country. In the report, they estimate an hourly wage that “a full-time worker must earn to afford a modest rental home without spending more than 30% of his or her income on rent and utility costs.”
Based on that measurement, they came up with these numbers for California:
- California is 3rd in the nation for highest housing wage for rentals
- You would need to make $28.59 an hour and work 114 hours a week to afford a 2 bedroom unit
Check out the graphic that they created below to see how other states rank.
Click here to read download their full-report.