NLIHC: Minimum wage workers can’t afford two-bed apartment

According to the latest information from the National Low Income Housing Coalition, a minimum-wage worker making $7.25/hour cannot afford a two-bedroom apartment anywhere in Georgia.

For a minimum-wage employee to afford a modest two-bedroom apartment, they would have to work 97 hours a week according to the report.

Georgia residents would need to earn $17.53/hour working 40-hours a week.

The report ranks the Peach State as the state with the 27th highest housing wage

The staggering gap between wages and the cost of housing nationwide has created a significant problem for most American families.

The report, released on Wednesday, details how it is virtually impossible for someone working a 40-hour week and earning the federal minimum wage of $7.25 to afford renting a two-bedroom apartment anywhere in Georgia, let alone the country.

The current average cost of a two-bedroom apartment is $14.85 higher than the federal minimum wage and $5.22 higher than the estimated average hourly wage of $16.88 earned by renters nationwide.