A minimum wage worker in California must toil about 130 hours a week in order to feasibly afford a two-bedroom rental, a new report found.
Wage earners must take home $53,627 annually, or $25.78 an hour, to afford a two-bedroom home, making California the second-least affordable state behind Hawaii, the National Low Income Housing Coalition said Monday in its annual Out of Reach report.
The coalition said that in no state can minimum wage workers do a typical 40-hour work week and spend less than 30% of their income on a two-bedroom unit. Washington, D.C., also was less affordable than the Golden State. There, a worker must make $27.15 per hour to afford a two-bedroom home.
“Households are forced to spend the majority of their income on housing costs,” said Megan Bolton, research director for the National Low Income Housing Coalition. “This makes it very difficult for families to save for emergencies.”