In galore large U.S. cities, minimum wage workers request to timepiece successful implicit 50 hours each week conscionable to beryllium capable to spend rent connected a one-bedroom home, a recent survey conducted by United Way of the National Capital Area found.
In New York City, minimum wage earners would request to enactment 111 hours to spend to rent a one-bedroom.
United Way utilized information from the National Low Income Housing Coalition to cipher the fig of hours a minimum wage idiosyncratic would request to enactment successful each week successful bid to spend rent successful the 50 biggest U.S. cities.
There are lone 2 cities connected the database wherever a idiosyncratic earning minimum wage tin spend to enactment little than 50 hours a week: Tucson, Arizona, and Buffalo, New York.
Here's a look astatine however galore hours a minimum wage idiosyncratic needs to timepiece to spend a one-bedroom rental successful the 10 largest U.S. cities, and the minimum wage successful each respective city:
New York City
Hours required: 111
Minimum wage: $15
Los Angeles
Hours required: 84
Minimum wage: $15.96
Chicago
Hours required: 112
Minimum wage: $15.40
Houston
Hours required: 104
Minimum wage: $7.25
Phoenix
Hours required: 65
Minimum wage: $12.80
Philadelphia
Hours required: 110
Minimum wage: $7.25
San Antonio, Texas
Hours required: 97
Minimum wage: $7.25
San Diego
Hours required: 90
Minimum wage: $15
Dallas
Hours required: 120
Minimum wage: $7.25
San Jose, California
Hours required: 141
Minimum wage: $16.20
Finding affordable lodging was hard for galore adjacent earlier the Covid-19 pandemic hit. However, the onset of the pandemic made these issues adjacent much stark.
"By August 2020, arsenic galore arsenic 12 cardinal households were astatine hazard of losing their homes if the authorities didn't act," NLIHC President and CEO Diane Yentel tells CNBC Make It. "Many were among those already struggling to wage rent erstwhile the pandemic brought abrupt occupation losses, reduced enactment hours and higher costs for wellness care, kid attraction and the internet."
There were galore exigency measures enactment successful spot to mitigate the housing crisis during the opening of the pandemic. But arsenic these impermanent solutions expired, the fig of affordable rental homes disposable has not kept up with demand.
Price increases impact renters of each incomes but endanger the lowest-income renters most.
Diane Yentel
NLIHC President and CEO