DALLAS, Texas - A new report reveals the disparity between minimum wage and the cost of an average two-bedroom rental in different U.S. cities.
According to Out of Reach, in no state, metropolitan area, or county can a full-time minimum-wage worker afford a modest two-bedroom rental home, and these workers cannot afford modest one-bedroom apartments in 91% of U.S. counties.
According to the report, the average Texan needs to earn an hourly wage of $22.54/hr and work full-time to afford a two-bedroom apartment without spending more than 30% of their income on housing.
That measures out to $46,889 annually.
The most expensive counties in the state are all around the Austin area with Travis County needing a wage of $27.90 per hour to pay for housing.
For the area around Houston the report says workers would have to earn $23.23 per hour.
The state's minimum wage is currently $7.25 per hour. At that wage, employees would have to work 124 hours per week to afford a 2-bedroom rental at Out of Reach's Fair Market Rent.
To view the full report on rental costs and minimum wage, click here.