Jul 28, 2015 12:10 PM
Minimum wage is a hot topic issue - especially leading into the 2016 presidential campaign cycle.
The National Low Income Housing Coalition released statistics as part of its Out of Reach 2015 campaign about how much folks would have to make hourly to rent a 2-bedroom apartment in all 50 states.
The (wonderfully done) info graphic, "How Much do you Need to Earn to Afford a Modest Apartment in Your State?" shows a color-coded map ranking each state as far as affordability goes.
So where does New Hampshire rank?
According to the group's report, Granite Staters have to make $20.50 per hour to rent comfortably (fair market rent in New Hampshire for a two-bedroom place was listed at $1,066.)
That makes New Hampshire the 4th highest in New England (Massachusetts ranked highest in the area and 6th-highest overall at $24.64 per hour).
The stats were also broken down into counties.
Grafton County rent was the highest in the state at 23.33 per hour.
The NLIHC says that "in no state can a minimum wage worker afford a one-bedroom rental unit at Fair Market Rent, working a standard 40-hour work week, without paying more than 30% of their income."
According to them, New Hampshire minimum-wage workers would have to work 89 hours per week to afford one of those apartments.
Check out the full N.H. breakdown in the report.
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