A recent analysis by Clever showed that, among the 50 largest U.S. housing markets, none were affordable under the 30% income threshold for renters, highlighting the severe housing affordability crisis.
In Buffalo, the cheapest city for renters making $15 per hour, individuals must allocate 39% of their income to afford a typical one-bedroom apartment, illustrating the struggle for affordable housing.
Significant burdens are evident in cities like Atlanta, where renters making federal minimum wage would need 132% of their earnings to afford one-bedroom housing, raising concerns about living standards.
The study highlights that New Yorkers, earning a minimum wage of $16, must spend 84% of their income on rent for a typical one-bedroom, showcasing the extreme challenges in urban housing.
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