Economy
2:58 pm
Mon March 18, 2013

A 77-Hour Work Week: What It Takes To Rent A Two-Bedroom Apartment In Missouri

Updated 4:04 p.m.

Missouri's rental climate isn't as severe as California's. Or, more specifically, San Francisco's. Or even Austin's. However, a new study says that no state is really a free-and-clear bastion for someone working minimum wage - Missouri included:

"In no state can a minimum wage worker afford a two-bedroom unit at Fair Market Rent, working a standard 40-hour work week, without paying more than 30% of their income."

The study is a new one out this month from the National Low Income Housing Coalition

A map from the National Low Income Housing Coalition displaying the number of hours needed in a workweek for someone to afford a two-bedroom apartment at fair market rent on a minimum wage job.
Credit (National Low Income Housing Coalition)

So, what does it take in Missouri to get that two-bedroom? First a couple of things:

  • Fair Market Rent in Missouri for a two-bedroom apartment: $732
  • Minimum wage is $7.35

The Coalition's analysis says in order to afford a two-bedroom apartment at fair market rent (meaning not spending more than 30 percent of one's gross income on the gross costs of housing):

One person would need to work (at minimum wage):

  • 77 hours per week
  • 52 weeks per year

or, 1.9 people could work (at minimum wage):

  • 40 hours per week
  • 52 weeks per year

Illinois

Here are the stats for neighboring Illinois, too. The basics for the Land of Lincoln:

  • Fair Market Rent for a two-bedroom apartment: $885
  • Minimum wage is $8.25

So, that translates into the following in relation to rent and hours worked at a minimum wage job: 

One person would need to work:

  • 82 hours per week
  • 52 weeks per year 

or, 2.1 people would need to work:

  • 40 hours per week
  • 52 weeks per year

 Follow Kelsey Proud on Twitter: @KelseyProud