MINIMUM WAGE and rentals in the U.S. www.cozy.co We looked at Cozy’s data across the country and compared it with local and national government data to examine what it really means to be a renter who makes minimum wage in America. Learn more at cozy.co/minimum-wage. BEST SPACE TO COST RATIO: ST. LOUIS, MO 0.72 HIGHEST % OF INCOME SPENT ON RENT: HIGHEST MINIMUM WAGE: 53.3 $12 NEW YORK, NY ¢ PER SQUARE FOOT MEDIAN SQUARE FEET: 1,250 MEDIAN RENT: $805/mo. SAN FRANCISCO, CA % 25 PER HOUR And yet would take over 4 minimum-wage salaries to afford a 1 bedroom there. MEDIAN INCOME: $50,711/year MEDIAN RENT: $2,500/mo. How much do you need to earn annually to rent a 1 bedroom? Seattle, WA $52,595 Minneaplois, MN $33,997 Portland, OR Milwaukee, WI $36,039 $41,555 Boston, MA Chicago, IL $52,412 Salt Lake City, UT San Francisco, CA $33,165 $113,694 Las Vegas, NV Denver, CO Cincinnati, OH $38,516 $90,100 Baltimore, MD $50,097 $26,592 $25,815 Washington, DC Nashville, TN Phoenix, AZ $70,353 $50,020 $31,980 New York, NY $25,359 St. Louis, MO $42,696 $72,524 Philadelphia, PA Atlanta, GA Los Angeles, CA $39,393 $74,126 San Diego, CA $53,900 Austin, TX $61,437 New Orleans, LA $43,328 Houston, TX $44,258 Miami, FL $51,200 How many full-time, minimum-wage earners are needed to afford a typical 1 bedroom? MINIMUM WAGE PER CITY: SAN FRANCISCO, CA $12.25 SEATTLE, WA $11.00 SAN DIEGO, CA $9.75 WASHINGTON, DC $9.50 PORTLAND, OR $9.25 BOSTON, MA $9.00 LOS ANGELES, CA $9.00 NEW YORK, NY $8.75 BALTIMORE, MD $8.25 CHICAGO, IL $8.25 DENVER, CO $8.23 CINCINNATI, OH $8.10 PHOENIX, AZ $8.05 MINNEAPOLIS, MN $8.00 MIAMI, FL $7.93 SAINT LOUIS, MO $7.65 ATLANTA, GA $7.25 AUSTIN, TX $7.25 HOUSTON, TX $7.25 LAS VEGAS, NV $7.25 MILWAUKEE, WI $7.25 NASHVILLE, TN $7.25 NEW ORLEANS, LA $7.25 PHILADELPHIA, PA $7.25 SALT LAKE CITY, UT $7.25 Rental rates and square footage data was collected using current data from properties on cozy.co. Minimum wage and income data collected from U.S. census data and local government sources (as of June 10th, 2015). Annual income needed to rent a 1 bedroom is based on HUD’s recommendation that renters should spend no more than 30% of their income on housing. ©2012–2015 Cozy Services, Ltd. All rights reserved.
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