SAN ANTONIO — A new report shows you have to make more $20 per hour in Texas, nearly three times the minimum wage, to afford rent on the average 2-bedroom apartment.
The National Low Income Housing Coalition released a report that showed the hourly wages required to afford rent in every state in the United States.
The estimated yearly salary a person needs to afford a rental home, according to the Housing and Urban Development’s Fair Market Rent, while spending no more than 30 percent of their income on housing costs is $42,197.
The average 2-bedroom renter makes $20.29 an hour while the state hourly minimum wage is $7.25.
The report breaks down the numbers by city as well. San Antonio hits at right about average with the state. Renters for a 2-bedroom apartment make an average of $20.19 per hour.