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[-] sp3tr4l@lemmy.zip 14 points 2 days ago

https://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.

[-] kemsat@lemmy.world 5 points 1 day ago

That’s if you can find a studio. All I could find by me was 1 & 2 bedrooms.

this post was submitted on 09 Oct 2024
173 points (98.9% liked)

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