Readers ask: How To Rent An Apartment On Minimum Wage?

Can you live in an apartment on minimum wage?

You can ‘t. You rent just a room or you get roommates or still live with your parents. You do not live the good life on minimum wage, which is why people need to learn more skills so they can earn above it. Have roommates, work more hours or have lesser expectations.

How can I afford an apartment on minimum wage?

The average minimum wage worker must work nearly 97 hours per week to afford a two-bedroom rental home or 79 hours per week to afford a one-bedroom rental home at the average fair market rent. In no state can a person working full-time at the federal minimum wage afford a two-bedroom apartment at the Fair Market Rent.

Where can I afford to live on minimum wage?

10 most livable cities for minimum wage earners

1. Bakersfield, CA.
2. Tucson, AZ.
3. Fresno, CA.
4. Toledo, OH.
5. Minneapolis, MN.
6. Detroit, MI.
7. Cleveland, OH.
8. Lincoln, NE.

Can a single person live on minimum wage?

A Minimum Wage Budget. According to official government guidelines, single people supporting themselves on minimum wage are not technically living in poverty. However, for single people with no dependents, the government claims the federal minimum wage is more than enough to survive and stay out of poverty.

Is $15 an hour a livable wage?

A $15 hourly pay scale would more than double the current $7.25 federal minimum wage. It still wouldn’t offer a living wage to low-paid single adults and families in many areas, according to a CNBC analysis of state cost-of- living data.

Is $17 an hour good pay?

$17 per hour is actually a good salary in most of the USA. There are larger cities where this would not be the case such as NYC, LA or Seattle, among others. This is more than double the minimum wage in most places in the US.

Can you live on 13 dollars an hour?

As you can see, this budget is fairly small, and would be tight, even for a single person, possibly renting an apartment with roommates. I would not suggest buying a house (or even moving out of your parents house, for that matter) on $13 an hour, but you can still save a few hundred per month.

Can you live off $10 an hour?

Yes, if you live in an area where the cost of living is low, you work sufficient hours, and you have minimal cost of lodging. You may also be eligible for food stamps. So, if you are willing to live a very limited lifestyle, and are in an area where you can get to work with no car, you probably can.

Can two people on minimum wage afford an apartment?

In fact, the average minimum wage worker in the U.S. would need to work almost 97 hours per week to afford a fair market rate two -bedroom and 79 hours per week to afford a one-bedroom, NLIHC calculates. That’s well over two full-time jobs just to be able to afford a two -bedroom rental.

Is $24 an hour good?

Assuming all things equal, $24 per hour would be slightly above the median household income in the US. It depends on other factors, such as type of job, job location, country, cost of living, hours per week, commute, physical and mental demands, etc.

Is $25 an hour good pay?

$25 per hour, at 40 hours per week consistently, is about $55,000 per year. Most places in America anymore, this is not an especially good wage (although much of the country works for considerably less). A single person can live pretty well on 55K in all but the biggest cities.

Is $18 an hour good?

To specifically answer your question, “yes”, $18 is certainly a living wage for many people in some areas while $18 wouldn’t scratch the surface in others.

Is $20 hr a good salary?

$20 an hour is $41,600 annually if you can get full time hours. If your benefits come with insurance and a retirement account, and if your cost of living means you can find somewhere to live for under $900 a month, it should be fine for someone who wants to pay the bills, save a little, and live simply but comfortably.

Can you live off 12 dollars an hour?

$12 per hour could easily be lived on, even if you had a family. We know a couple with 2 kids who live off of $12 per hr at 20 HOURS per week working for UPS but their groceries, housing and medical is taken care of already.

Is 10 an hour good pay?

Originally Answered: Is 10 dollars an hour good? Depends on your definition of good. For someone who has no income and is poor then 10 dollars an hour is good for them. 10 dollars an hour is also good for someone who only makes 9 dollars an hour assuming everything else stays the same.