August 2, 2021

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Nuts about home

Bare minimum wage staff simply cannot pay for a two-bed room rental any where in the nation, new report says

NORFOLK, Va. — Minimal wage personnel just cannot find the money for to lease a two-bed room residence or apartment anywhere in The usa.

That’s according to a new report from the Countrywide Reduced Cash flow Housing Coalition.

Just one year back, Governor Ralph Northam signed a bill that will progressively elevate Virginia’s minimal wage from $7.25 an hour to $15 by 2026.

“It is not possible for any one to aid themselves — allow by itself their households — on $7.25 an hour. Consider about that,” he stated as he signed the bill.

The regulation went into influence in May well, boosting the minimal wage to $9.50.

Starting off January 1, 2022, Virginia’s minimum amount wage will rise all over again to $11 an hour.

Through Congresswoman Elaine Luria’s Virginia Seashore town corridor on Thursday night time, she explained they are pushing to put into practice that very same gradual improve federally.

“$7.25 is not a residing wage,” she informed the group.

Now, according to a new report from the Nationwide Reduced Income Housing Coalition, there is no state, county, or city in the U.S. where by a total-time, bare minimum-wage employee can afford to pay for a two-bedroom rental.

Furthermore, there are only about 220 counties out of 3,000 wherever a bare minimum wage worker can find the money for a just one-bedroom.

Let’s crack this down.

The report says you want to generate $24.90 an hour to afford to pay for a two-bed room at Fair Industry Rent. The typical Reasonable Sector Lease is $1,061 a thirty day period for a 1-bedroom and $1,295 a month for a two-bed room.

Listed here in Virginia, one particular would require to make $24.41 for every hour to afford to pay for a two-bedroom rental. If you make least wage, the report claims you would have to do the job 103 several hours a 7 days.

Through her city corridor, Luria was asked how she defines a dwelling wage.

“For a family members of an regular two-bed room household or condominium in this spot, it is about $1,200, and if somebody will make $2,400 a thirty day period, ought to 50 % of their pre-tax income go just to put a roof about their head?”

But in accordance to this report, with housing charges so substantial, even $15 an hour is not higher ample.