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average minimum wage, which is in place in many states. There was no state in which a minimum wage worker could afford rent for the average two-bedroom apartment, if they only worked 40 hours a week.
In 2023, Santa Cruz-Watsonville, California, households needed an hourly wage of 63.33 U.S. dollars to afford the rent of a two-bedroom apartment. San Francisco had one of the least affordable two-bedroom apartments, as a household would have to earn at least 61.31 U.S. dollars hourly to afford rent . These figures are considerably higher than the Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars)
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Other statistics that may interest you Residential real estate in California
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Rental market
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Statistics
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NLIHC. (June 14, 2023). Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars) [Graph]. In Statista. Retrieved June 03, 2024, from https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/
NLIHC. "Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars)." Chart. June 14, 2023. Statista. Accessed June 03, 2024. https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/
NLIHC. (2023). Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars). Statista. Statista Inc.. Accessed: June 03, 2024. https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/
NLIHC. "Hourly Wages Needed to Afford a Two-bedroom Apartment in California from 2021 to 2023, by Metro (in U.S. Dollars)." Statista, Statista Inc., 14 Jun 2023, https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/
NLIHC, Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars) Statista, https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/ (last visited June 03, 2024)
Hourly wages needed to afford a two-bedroom apartment in California from 2021 to 2023, by metro (in U.S. dollars) [Graph], NLIHC, June 14, 2023. [Online]. Available: https://www.statista.com/statistics/1260959/us-two-bedroom-housing-wage-california/