Comment on California voters to consider raising minimum wage to $18 with Proposition 32

sp3tr4l@lemmy.zip ⁨5⁩ ⁨weeks⁩ ago

rentalrealestate.com/data/rent/california/

Avg Studio Apartment Rent: $1575

Required Hourly Wage for rent to be 1/3 of income, working 40 hrs a week (taxes ignored): $29.54

Avg One Bed Rent: $1724

Required Hourly Full Time Wage (Ignoring Taxes): $32.33

Avg Two Bed Rent: $2,161

Required Hourly Full Time Wage (Ignoring Taxes): $40.52

So basically, you can afford a studio apartment on a full time min wage job if you share it with someone who works about 20 hrs a week at min wage…

… all ignoring taxes on your income.

source
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