Photo Friday: Hours at Minimum Wage Needed to Afford Rent

1338503589_infographic hours to rentThe National Low Income Housing Coaltion released this graph as part of their Out of Reach 2012 report. Bottom line: minimum wage is too low making Fair Market Rent on a two-bedroom apartment in any state simply unaffordable.

Affordable here is defined as applying 30% of total income on rent–a generally accepted standard.

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