Median one bed apartment rent, across the entire US, is $1550 as of Feb 2025.
Lets knock 20% of that off, to approximate a median studio apartment instead, give some leeway to poorer parts of the country.
(there are not as good or reliable general stats counted for studio apartments, but a studio being 20% less than a one bed is… hopefully a reasonable, napkin math aporoximation)
Ok, that’s $1240.
Alright, now we use the ‘rent should be 30% of your income’ rule.
Thats $4135 a month, rounded up very slightly to the nearest 5.
Ok, 40 hours a week, roughly 4 weeks a month = 160 hours.
4135 / 160 = $25.85, again rounded up to the closet 5 cents for simplicity, so thats your actual minimum ‘living wage’.
If you wanna say a studio should be 30% off a one bedroom?
Math works out to roughly $22.60
If you wanna say an actual one bedroom should be the standard, works out to about $32.60
Any way you look at this, $17 an hour is too low, that’s still… you can’t even afford a studio (as in, you cannot pass the rent to income threshold without a cosigner or double deposit or somethingnon your lease) you need roommates, you’re still living with your parents.
Median one bed apartment rent, across the entire US, is $1550 as of Feb 2025.
Lets knock 20% of that off, to approximate a median studio apartment instead, give some leeway to poorer parts of the country.
(there are not as good or reliable general stats counted for studio apartments, but a studio being 20% less than a one bed is… hopefully a reasonable, napkin math aporoximation)
Ok, that’s $1240.
Alright, now we use the ‘rent should be 30% of your income’ rule.
Thats $4135 a month, rounded up very slightly to the nearest 5.
Ok, 40 hours a week, roughly 4 weeks a month = 160 hours.
4135 / 160 = $25.85, again rounded up to the closet 5 cents for simplicity, so thats your actual minimum ‘living wage’.
If you wanna say a studio should be 30% off a one bedroom?
Math works out to roughly $22.60
If you wanna say an actual one bedroom should be the standard, works out to about $32.60
Any way you look at this, $17 an hour is too low, that’s still… you can’t even afford a studio (as in, you cannot pass the rent to income threshold without a cosigner or double deposit or somethingnon your lease) you need roommates, you’re still living with your parents.