No Joke Here’s What You Need To Make An Hour to Afford Rent In TX
Who needs two jobs just to pay basic rent? Yep, me too.
Texas isn't playing around when it comes to the cost of housing. It's really no joke.
The disparity between the average hourly income and what you'd need to make per hour to afford the average rent in our great state is damn near ridiculous.
But we are not alone.
In a mind-boggling report from the National Low Income Housing Coalition, " No state, metropolitan area, or county can a full-time minimum-wage worker afford a modest two-bedroom rental home, and these workers cannot afford modest one-bedroom apartments in 91% of U.S. counties.
Are you ready for this?
THE national HOUSING WAGE is $25.82 per hour for a modest two bedroom and $21.25 per hour for a modest one bedroom.
This means that the average working adult must work 96 hours per week (nearly two and a half full-time jobs) to afford a two-bedroom rental home or 79 hours per week which equates to 2 full-time jobs just to afford a one-bedroom rental home at the fair market rent, the article offers.
$22.54 per hour is needed for hourly income to afford a two-bedroom apartment.
And that really sucks when you consider, according to Zumper.com, the average rent for a 1-bedroom apartment in Victoria, TX is currently $810.
This is a 2% increase compared to 2021!
In California, you'd need to make $39.00 an hour which is just one of the myriad of reasons you see so many Californians coming to Texas. Arkansas is the lowest in the state with a $14.89 per hour average.
If you'd like to know the average rent cost for every state in the United States, you can click the Out of Reach archive by including the zip code here.
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