I recently saw a terribly-low-quality version of the image above on Facebook (with the attribution cut off, of course) and thought I would look into it. It is from the National Low Income Housing Coalition‘s report comparing income and rent across the country. The full report can be found here. Their website also contains some tools to calculate how much an individual would have to make in order to afford various rents. Their assumption that no more than 30% of the household income will be dedicated to rent seems extremely unrealistic, and contributes to their extremely high numbers, but this assumption in itself could be an interesting starting point for a class discussion when coupled with the map above.
Infographic: Hours at minimum wage needed to afford rent
May 31, 2012 by John
Posted in Social Economics | Tagged Hours at Minimum Wage Needed to Afford Rent, Memoirs of a SLACer, National Low Income Housing Coalition, Out of Reach 2012 | 1 Comment
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[…] recently saw the list below (from faireconomy.org) on Facebook. Combined with this graphic on minimum wage and rent it could be an interesting way to start a class discussion about income […]