The minimum wage, which is $15 an hour in New York, is not enough to comfortably afford the average monthly rent of $1,001 for a one-bedroom apartment in Buffalo.

Wages for the typical U.S. worker have surged since the pandemic, but for many Americans those gains are being gobbled up by rising rent. Rents jumped 30.4% nationwide between 2019 and 2023, while ...

From 2019 to 2023, two metros in Florida saw huge disparities between wage growth and rent growth: Tampa (34.7 percentage point difference) and Miami (32.2 percentage point difference).

This article was first published on NerdWallet.com. If you rent your home in a major metro area, chances are you already know this hard truth: Your pay raises aren’t keeping up with your rent ...

A study found that people who earn low wages were rent-burdened in all of the country’s 50 largest real estate markets. Share full article. 262. By Matt Yan. Nov. 7, 2024.

The place where minimum-wage workers need to log the most hours isn’t shown on our continental-U.S.-biased map: It’s Honolulu, where it takes 187 hours to pay for a month’s rent.

According to the data provided by Filterbuy, wage earners in Santa barbara would need to take home $87,080 in order to pay only 30 percent of their earnings on a median-priced one-bedroom apartment.

Oct. 21, Clever, a real estate company, published a study on the most affordable cities to live in for minimum wage workers. The federal minimum wage is set at $7.25 but varies depending on the state.

An affordable rent for minimum wage workers — meaning it would cost 30% of their annual salary — would be $377 monthly. Milwaukee and Wisconsin have seen some of the country's fastest-rising ...

From 2019 to 2023, two metros in Florida saw huge disparities between wage growth and rent growth: Tampa (34.7 percentage point difference) and Miami (32.2 percentage point difference).

KEY TAKEAWAYS Although the federal minimum wage of $7.25 has not changed in more than a decade, renting costs have increased.There are no major American cities that hold an average monthly rental ...