6 States Where You Need To Make at Least $30 an Hour for a Spare Bedroom

Affordable housing remains a significant challenge for many Americans, especially when it comes to renting a two-bedroom apartment.
A recent study conducted by the National Low Income Housing Coalition revealed that the average hourly wage needed to afford a two-bedroom rental in the U.S. is $28.58, with a national average fair market rent of $1,486. This staggering cost places a substantial burden on low-wage workers who often struggle to afford even a one-bedroom rental, let alone a spare bedroom.
Within these six states, earning at least $30 an hour becomes essential to secure a two-bedroom apartment. These states exemplify the heightened housing affordability crisis, where the financial barrier to securing adequate rental accommodations is particularly challenging.
Here’s a look at six states where the struggle for affordable housing is most pronounced and where earning a higher wage is crucial to meet the demands of renting a two-bedroom apartment.
California
- Wage Needed for a Two-Bedroom: $42.25
- 2023 State Minimum Wage: $15.50
Living in the Golden State while affording a two-bedroom apartment while working minimum wage remains an elusive dream. Unfortunately, California requires the highest wage to afford a two-bedroom among the states on our list. If a spare bedroom is a priority, individuals often have to resort to sharing a room or exploring more affordable cities within the state.
Colorado
- Wage Needed for a Two-Bedroom: $32.13
- 2023 State Minimum Wage: $13.65
Surrounded by picturesque mountain landscapes, living in Colorado sounds like an outdoor lover’s dream. However, affording a two-bedroom apartment on minimum wage presents a significant challenge. While the wage gap between the amount needed for a two-bedroom and the state’s minimum wage is smaller compared to other states on our list, it still places a substantial strain on one’s budget.
Florida
- Wage Needed for a Two-Bedroom: $30.59
- 2023 State Minimum Wage: $11.00
The Sunshine State offers plenty of fun and sunny experiences, but affording a two-bedroom apartment on minimum wage poses considerable difficulties. Florida exhibits a significant disparity between the state’s minimum wage and the amount required for a two-bedroom, leaving individuals earning around minimum wage struggling to afford larger living spaces.
Hawaii
- Wage Needed for a Two-Bedroom: $41.83
- 2023 State Minimum Wage: $12.00
Hawaii, renowned for its crystal-clear waters and abundant sea life, also features the widest gap between the state’s minimum wage and the wage needed for a two-bedroom apartment. The high cost of living makes it exceptionally challenging to secure a two-bedroom unit unless individuals earn more than three times the minimum wage.
New York
- Wage Needed for a Two-Bedroom: $40.08
- 2023 State Minimum Wage: $15.00 (NYC, Long Island and Westchester) and $14.20 (remainder of the state)
In the bustling metropolis of New York, premium locations also translate into premium prices. Even with two adults working full-time jobs, those earning close to the minimum wage are likely to find themselves sharing a one-bedroom apartment, as the cost of renting a two-bedroom becomes unattainable.
Washington
- Wage Needed for a Two-Bedroom: $36.33
- 2023 State Minimum Wage: $15.74
The high cost of living on the west coast extends to Washington as well. In fact, even if two adults were to work full-time jobs on minimum wage, they would still struggle to afford a two-bedroom rental.
More From GOBankingRates
Share This Article:
Related Content


5 Things Millionaires Do With Their Money That the Middle Class Can Learn From
December 06, 2023
4 min Read

8 Things the Rich Spend Money on That Poor and Middle Class People Don't
December 06, 2023
4 min Read

Real Estate: 4 Fast-Growing Cities With Exponential Job Growth Opportunities
December 06, 2023
4 min Read



10 Vintage Electronics in Your House That Could Be Worth a Lot of Money
December 06, 2023
4 min Read

10 States With the Highest Percentage of Families on SNAP -- What Can Be Done To Help?
December 05, 2023
4 min Read



Mark Cuban: Here's Why I Don't Spend Money on a Chauffeur or Cleaning Services
December 05, 2023
4 min Read

I'm a Self-Made Millionaire: These Are the 6 Money-Saving Rules I Broke To Get Rich
December 05, 2023
4 min Read


Sign Up For Our Free Newsletter!
Get advice on achieving your financial goals and stay up to date on the day's top financial stories.
By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. You can click on the 'unsubscribe' link in the email at anytime.
Thank you for signing up!


Sending you timely financial stories that you can bank on.
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.