You need to make $29.21/hour to afford a 2-bedroom rental in Seattle

[Yo_Mama_Been_Loggin]

Looking to rent a two-bedroom apartment in Seattle? You’re going to need to make at least $29.21 per hour to afford it, according to a new report from the National Low Income Housing Coalition.

The coalition’s Out of Reach 2017 report looked at the gap between renters’ wages and the cost of rental housing.

Housing wages, or what a renter would need to earn hourly to afford housing, varied across Western Washington. Renters in the Tacoma area would need to earn $21.96 per hour to afford a two-bedroom, Olympia-Tumwater renters $20.60, Bellingham renters $18.62, Bremerton-Silverdale renters $19.98, and Mount Vernon-Anacortes renters $18.42, according to the report

Without spending more than 30 percent of their income on rent, the average renter, who earns $17.77 per hour, could afford a rental that cost $924 per month, according to the report. However, fair market rent is $982 per month for a one-bedroom and $1,229 for a two-bedroom.

http://www.king5.com/article/money/markets/real-estate/you-need-to-make-2921hour-to-afford-a-2-bedroom-rental-in-seattle/537149396

[guillaumeb]

1. Many in the GOP are against any type of minimum wage at all.

Recommended.

[PoindexterOglethorpe]

2. Perhaps there will be a return to having a roomate.

When I was young, I and almost every other young person I knew didn't live alone but had roommates. Sometimes several. And, shock of shocks, sometimes the roommates shared bedrooms.

I realize if you're talking families with kids, or worse yet a single parent with kids, there is a huge problem here.