How much money do you need to make per hour to afford a 2-bedroom apartment in North Carolina?
The National Low-Income Housing Coalition recently released its annual “Out of Reach” report and has the price for the Tar Heel state at $14.68. That’s around $30,000 a year.
North Carolina was among several other states in the “less than $15” category. South Carolina and Tennessee were slightly cheaper. Virginia was a bit higher at $21.10 an hour.
The average renter nationwide makes $15.16 an hour, but needs to earn $19.35 to afford rent on a two-bedroom unit, according to a report.
Hawaii renters made the most at $31.61 an hour, followed by the District of Columbia at $28.04, California at $26.55 and New York at $25.67.
Rent in most states requires an hourly wage of at least double the federal minimum wage of $7.25.
— Hunter Schwarz (@hunterschwarz) May 28, 2015