Most can’t afford rent

That’s the conclusion of a sweeping national report just out about rental affordability that looked at every state, county and metro area in the country.

And guess what? Minnesota was the worst state in the Midwest when it comes to affordable rents. Minimum-wage workers could least afford modest two-bedroom apartments in Minnesota.

For such workers, it takes working 86 hours a week or working two full-time jobs to afford those rents.

And  when it comes to affordability, Carlton County ranked one of the worst in the state. With 62 percent of minimum wage renters unable to afford these apartments, it tied with Winona County for second worse. Only Wadena County was worst with 67 percent.

The report said that statewide, about 54 percent of renters don’t earn enough to afford a two-bedroom apartment at a “fair market rate.” They would have to earn at least $15.50 an hour and work full time to afford it. But the typical renter earns about $12 an hour.

The report was released by the National Low Income Housing Coalition based in Washington D.C.

6 thoughts on “Most can’t afford rent

  1. I make exactly $15.50 per hour and do work full time, and I could not afford the two-bedroom apartment I am in without my husband’s paycheck. It’s not remotely an expensive one (for Duluth, that is), and it is cheaper than a lot of them that we looked at all over town. I’d really love to see the “fair market rent” rates that they are using in various areas, mainly to see how it correlates to rent in specific areas of Minnesota.

  2. I make 17.50 and just Baught a 5 bedroom home in east Duluth and we have new vehicles and my spouse is stay at home mom of our 3 children it sounds like you need to manage your money with more responsability rather then wondering what ” fair market rates ” are …

    • Interestingly, it’s often cheaper to buy a house than to rent an apartment, especially for first-time home owners. I would think this is why so many people buy into the idea that you should purchase a home instead of renting. In addition, I think we all remember what happens when people buy more house than they can afford or truly need. (Or have so many forgotten what happened just a few years back?)

      Ruminating on what other people should do is ridiculously low, especially when you don’t know someone else’s situation. How many kids to they have? Are they caring for aging parents or relatives? Do they have medical expenses that you don’t? Simply assuming someone isn’t managing money responsibly because you make more and are doing okay is overly thoughtless.

      To get back to the real point of this article, however, minimum wage is indeed way too low. Federal is ridiculously low and I’m glad that many states do have a higher rate than the federal one. Also, living in Minnesota as a server in a restaurant is much, much better than other states I’ve lived in. Many states have a much lower “minimum wage” rate for servers. In Illinois, for example, minimum wage for servers (“tipped employees”) is currently only $4.65. Since not everyone tips “appropriately” (I’m one of the people who feel that businesses should not subsidize their employee pay rates with the assumption that people will tip well, even though I’m also one of the people who does regularly tip at 20%-25%) and realizing that taxes are still coming out of this $4.65, could you live on that and afford to feed and clothe your wife and children in your five-bedroom home?

      Not everyone is in your situation, whatever that may be, and you would do well to remember that instead of randomly throwing ignorant statements around to people you don’t know.

  3. Man, how do you make more than minimum wage? You misspelled “bought” and “responsibility.” Stop being so arrogant, silly.

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