Hourly Income needed to afford a 2 bedroom (without spending over 30% of your pay)

[Serious]

30% of your monthly income is the bench mark.

So if u make $15.00 an hour you should only be paying no more than $720 a month. And that’s based on gross income so the real number is less than that.

Need to rework your math breh.

you forgot to include taxes.


They should be paying $650 a month for 30% at 15/hr

 

[invincible1914]

One good thing about Mississippi... the cost of living is so low. When I lived there, I was teaching and my rent for a 2 bedroom was $295 a month with no other fees but electric. I used to pay 6 months all at once.

 

[Ethnic Vagina Finder]

Need to rework your math breh.

you forgot to include taxes.


They should be paying $650 a month for 30% at 15/hr

that’s why I said “gross”

 

[OfTheCross]

This guy is running for office too

Bruh...in my community, many homes are 2/1 and 3/1.

Families were raised generation after generation here.

If what we want is affordable housing, let's start by giving people the basics. A roof over their head. 1 individual has no necessity for 2 bedrooms. But at least they'll have a roof over their head comfortably.

shyt...why not make the chart "3-bedroom Hosing Wages" it'll look even more dire; but it won't make any more sense.

 

[MoneyTron]

What's scary is that all of these wages are $4-5 dollars higher than just 5 years ago.

 

[MoneyTron]

From the article...

The report calculates a “housing wage,” which is the minimum a full-time worker must earn in order to afford to rent a modest one- or two-bedroom home without spending more than 30% of their income. Above that percentage, they are considered cost-burdened and therefore vulnerable to unexpected financial pressures. This vulnerability is exacerbated for the almost 8 million renters in America who spend more than 50% of their income on housing costs. Considered severely cost-burdened, they are forced to choose between housing and other basic needs, such as food, transportation and child care.

 

[NkrumahWasRight Is Wrong]

One good thing about Mississippi... the cost of living is so low. When I lived there, I was teaching and my rent for a 2 bedroom was $295 a month with no other fees but electric. I used to pay 6 months all at once.

295 for a 2 BR ??????????????????????????????????????????????????

 

[Serious]

295 for a 2 BR ??????????????????????????????????????????????????

Right, the fukk

 

[OfTheCross]

https://reports.nlihc.org/sites/default/files/oor/OOR_BOOK_2020.pdf

That's the official study.

shyt's scary forreal. Even 1-bedrooms are way outta reach.

Pg. 16 for the 1-br. Then it breaks it down state by state

 

[NkrumahWasRight Is Wrong]

Right, the fukk

impossible

unless he was working as a teacher there in the 60s

 

[dora_da_destroyer]

impossible

unless he was working as a teacher there in the 60s

Or lived right next to the jects or waaaay our in the country side renting a shack from a farmer

 

[NkrumahWasRight Is Wrong]

Or lived right next to the jects or waaaay our in the country side renting a shack from a farmer

even a 2 bedroom shack..295?

i cant even fathom that.

 

[invincible1914]

295 for a 2 BR ??????????????????????????????????????????????????

Yep that was back in 2005

 

[NkrumahWasRight Is Wrong]

Yep that was back in 2005

imagine getting that deal now

 

[invincible1914]

imagine getting that deal now

I just looked it up. They start at $460 fot a one room now. My home girl was staying there before me, but she was getting married and was stuck with the lease. I just paid up the rest of her lease and moved in. When it expired they let me stay at that rate. I think it's because I paid so much up front and I was teaching at the high school across the street.