What’s the Minimum You Need to Make in Texas to Afford a 2-Bedroom Apartment?
The National Low Income Housing Coalition has put out a map of all 50 states and how much a person needs to afford a two-bedroom apartment.
So, where does Texas fall? According to the report, we're in 24th place -- basically right in the middle. A person in Texas needs to make $16.62 and hour to be able to afford a two-bedroom apartment. Granted, there will be a difference between Wichita Falls and, say, Dallas but, you get the idea.
On average, the report says U.S. renters need to earn $19.35 for a two-bedroom apartment. An average worker earns $15.16 an hour.
OK, so how about a one-bedroom apartment? If you're making the federal minimum wage of $7.25 an hour, you'd need to work 94.5 hours a week for a one-bedroom at the Fair Market Rent ($685), and 120 hours for that two-bedroom ($864).
Take it for what it's worth. Both sides of the political aisle will have different opinions on how it should be dealt with for sure.