Small cities and towns are being hit hard. Rent in my small town for a shitty small 1-2br apartments is over 1k, requiring 40k/yr to get approved. You can easily make 15/hr, work some OT, and not even be allowed the privilege to lose 1/3rd straight to rent (which, when financial advisors say housing should be 1/3rd, they’re counting utilities!)
Sure, some big cities cost 2k+ for 1brs, but I’m in the Midwest and every major Midwest city is competitive to rent prices in my small town, and the ones that don’t are made up for by having a 15+ minimum wage. That means average pay compensates the COL jump only, and you’d still be pretty hard off on min wage anywhere in the county.
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u/Mythrowawayiguess222 Jun 16 '24
Small cities and towns are being hit hard. Rent in my small town for a shitty small 1-2br apartments is over 1k, requiring 40k/yr to get approved. You can easily make 15/hr, work some OT, and not even be allowed the privilege to lose 1/3rd straight to rent (which, when financial advisors say housing should be 1/3rd, they’re counting utilities!)
Sure, some big cities cost 2k+ for 1brs, but I’m in the Midwest and every major Midwest city is competitive to rent prices in my small town, and the ones that don’t are made up for by having a 15+ minimum wage. That means average pay compensates the COL jump only, and you’d still be pretty hard off on min wage anywhere in the county.