Study: Calif. second least affordable state for renters
By Andrew Khouri, Los Angeles Times
California renters must earn more than triple the minimum wage to afford a two-bedroom apartment, underscoring a housing shortage throughout the state, a report said.
A worker earning the minimum wage — $8 per hour in California — would have to toil away for 130 hours a week to afford a two-bedroom, the National Low Income Housing Coalition said Monday.
Across the nation, minimum wage workers can’t afford a one- or two-bedroom apartment at fair market rent, the group said. The coalition’s president, Sheila Crowley, said raising the federal minimum wage would ease the burden.