A new study reveals that rent costs are rising while hourly wages for workers are not keeping pace, making it tough for many to find adequate housing.
, that means they need to work at least 2.6 full-time jobs. The increase from the 2021 report is a testament to the well-documented rising rent prices in the state and beyond.earning minimum wage would need to work 73 hours per week, or nearly two full-time jobs, in order to afford a two-bedroom rental. Arizona's current minimum wage sits at $12.80.
The average Arizonan needs to earn an hourly wage of $23.44 in order to afford a two-bedroom apartment. That's an increase of $1.14 from last year. For a one-bedroom rental, you would need to earn at least $19.13.needs to earn an hourly wage of $22.80 and work full-time to afford a two-bedroom apartment.
There are more than a dozen counties in Illinois that are the cheapest and where you will get the most bang for your buck. The minimum wage in those counties is $14.13, according to the report. FOX 5 Atlanta, FOX 13 Tampa, FOX 5 New York, FOX 13 Seattle, FOX 32 Chicago, FOX 2 Detroit, FOX 9 Minneapolis, FOX 10 Phoenix, and FOX 11 Los Angeles contributed to this story. This story was reported from Washington, D.C.
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