California renters must earn more than triple the minimum wage to afford a two-bedroom apartment, underscoring a housing shortage throughout the state, a new report said.
A worker earning the minimum wage — $8 per hour in California — would have to toil away for 130 hours a week to afford a two-bedroom, the National Low Income Housing Coalition said Monday.
“California is short one million affordable homes for working families,” he said in a statement.
Many low income workers need family members to pitch in to absorb high rents. A California family needs 3.3 full-time minimum wage earners to afford a two-bedroom, the coalition said in its annual Out of Reach report.