Calif. Minimum Wage Doesn’t Pay the Bills: Report
Workers earning minimum wage can’t afford rent in many SoCal cities
By Heather Navarro and Angie Crouch
| Tuesday, Mar 12, 2013 | Updated 7:46 PM PDT
A worker earning minimum wage in California has to clock in more than three the standard 40-hour work week to renting a two-bedroom residents, according to a new report. The divide between wages and rent across America is growing, and California ranks fifth worst in the country. Angie Crouch reports from Beverlywood for the NBC4 News at 5 p.m. on March 12, 2013.
California’s gap between minimum wage and housing affordability is the fifth worst in the country, behind New York, New Jersey, Maryland and Washington, D.C.
Earning the state’s $8-per-hour minimum wage, Californians would need to clock in 129 hours per week — three times the standard 40-hour work week — to afford housing for $1,300 a month, according to National Low Income Housing Coalition’s annual report, which uses census and median income data.
Residents in Orange and Ventura counties would need to earn at least $30 per hour — or work about 155 hours per week on minimum wage — to afford two-bedroom housing, according to the report.
The Golden State ranked as the second most expensive place to rent in the United States, behind Hawaii.
Rent Almost Out of Reach for Minimum…