In 2024, households in California needed an hourly wage of over 47 U.S. dollars to afford the rent of a two-bedroom apartment. Massachusetts had the second-least affordable two-bedroom apartments, as a household would have to earn at least around 45 U.S. dollars per hour in order to afford rent payments. These figures are considerably higher than the average minimum wage in place in many states. There was no state in which a minimum wage worker could afford rent for the average two-bedroom apartment, if they only worked 40 hours a week.
Where are the least affordable counties and metros?
The least affordable rents were predominately in Californian counties and metropolitan areas in 2024. District of Columbia has one of the highest minimum wages in the country, which stood at 17 U.S. dollars per hour as of January 2024. Thus, the affordability of two-bedroom apartments highlights how disproportionately high housing costs are in the state.
Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state
(in U.S. dollars)
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NLIHC. (June 27, 2024). Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. "Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state (in U.S. dollars)." Chart. June 27, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. (2024). Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. "Hourly Wages Needed to Afford a Two-bedroom Apartment in The United States in 2024, by State (in U.S. Dollars)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC, Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state (in U.S. dollars) Statista, https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/ (last visited November 21, 2024)
Hourly wages needed to afford a two-bedroom apartment in the United States in 2024, by state (in U.S. dollars) [Graph], NLIHC, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
