San Francisco, CA, the best hourly wage lists needed to rent a 2-bedroom house – CBS San Francisco
SAN FRANCISCO (CBS SF) – A report from a nonprofit group that advocates for affordable housing shows that a worker would have to make almost $ 70 an hour – or work nearly five minimum wage jobs – to afford a two bedroom apartment in San Francisco. , the most expensive metropolitan area in the country.
The National Low Income Housing Coalition (NLIHC) on Wednesday released its 2021 out of reach report on the cost of housing across the country, showing California is the most expensive state to live in in terms of housing wages. The average California resident would need to earn $ 39.03 an hour (working 40 hours a week, 52 weeks a year) to rent a two-bedroom home without paying more than 30% of their rent income, according to the report.
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Download: NLIHC 2021 report out of reach
Residents of the San Francisco metro area are expected to earn $ 68.33 to afford the two-bedroom home on the same criteria. The housing wage in Metro San Jose and Metro Oakland-Fremont was $ 58.67 and $ 45.83, respectively.
The report also says California is home to the top 10 most expensive metropolitan counties in the country, eight of them in the Bay Area.
California was followed by Hawaii, Massachusetts, New York, and New Jersey as the top five highest housing wages needed for a two-bedroom fair market rental. The cheapest states were Kentucky, South Dakota, Mississippi, West Virginia, and Arkansas.
The study also indicated that the COVID pandemic underscored the need for the United States to have a stronger housing safety net. The report cites statistics from the US Department of Housing and Urban Development showing that at the height of the crisis, when people were urged to stay in their homes and maintain social distancing, nearly 600,000 people were in shelters. or homeless shelters.
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The report also illustrated how rents continue to rise even as wages remain stagnant across the country, including federal and local minimum wages. A 2019 study showed that in 45 states and the District of Columbia, median gross rents grew faster than the median renter household income between 2001 and 2018.
“In no state, metropolitan area, or county in the United States can a worker earning the applicable federal, state, or local minimum wage afford a modest two-bedroom rental home at fair rent by working a standard work week. of 40 hours, ”the report’s authors said.
The report noted that housing affordability for low-wage workers disproportionately impacts people of color, and that racially-based income inequality is the product of the historic and ongoing systemic racism affecting black workers. , Latinos and Native Americans. He called for greater enforcement of the Fair Housing Act to reduce discrimination based on race and ethnicity, as well as for expanding enforcement to prohibit discrimination on the basis of sexual orientation, gender identity and marital status.
The authors said that tackling the roots of the housing affordability problem requires a sustained commitment to universal rent support, investments in new affordable housing for those with the lowest incomes, as well as strong protections and tenant support that can be automatically extended in the event of a crisis.
The report called on Congress to expand access to rental assistance to all eligible households under a voucher program that would cover housing costs above a 30% threshold. The authors also said Congress should invest in expanding the supply of affordable housing for those on the lowest incomes and in rehabilitating existing public housing.
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“A return to a pre-pandemic status quo would defeat the millions of tenants who could not pay their rent even in a better economic climate,” the report concludes. “As the country seeks to recover from the pandemic and the economic crisis, the time has come to make significant and lasting structural changes to ensure that low-wage workers and the most marginalized have stable housing and affordable. “