Budget Busters
The federal minimum wage hasn't gone up since 2009, when it was set at $7.25. It's far from a livable wage, especially with rampant inflation, rising rent, and skyrocketing home prices. Even with some states and cities instituting their own higher minimum wages, it's difficult for minimum-wage earners to afford an apartment in most areas of the U.S. To determine which cities are the most affordable, a new report from Move.org compares the average one-bedroom rent and minimum wage in cities across America. In the most affordable city, it would take minimum-wage earners about 67 hours of work to afford their rent every month. In the least affordable, it takes a shocking 193 hours — or almost five 40-hour workweeks.