ReallyRight

You Can’t Afford to Live Here

“A new report says that in California, the fair market rent for a two-bedroom apartment is $1,608 and to afford this level of rent and utilities—without paying more than 30 percent of income on housing—a household must earn $5,359 monthly or $64,311 annually.”
Link: You Can’t Afford to Live Here

The article then goes on to point out that this equates to $30.92 for a 40 hour workweek. For those of us in “the Valley” things are slightly more favorable but…

 
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