Minimum wage workers in New York City need to clock over 100 hours a week to afford rent

2 years ago 91

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

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