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The best (and worst) cities for renters making minimum wage

9 23
12.11.2024

(NewsNation) — Minimum wage won't cover the cost of a typical one-bedroom anywhere in the country, but some major cities are better for low-income workers than others.

A recent study by Clever, a real estate consultancy, found that Buffalo, New York, is the cheapest option for renters making the local minimum wage, though it's still considered unaffordable.

Minimum-wage workers in Buffalo can expect to pay 39% of their income for a typical one-bedroom unit. That's the lowest rent-to-income ratio of any major city in the country but still higher than the common affordability threshold of 30%.

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Only two other cities in Clever's analysis — St. Louis, Missouri, and Hartford, Connecticut — had rent-to-income ratios under 50%, which is the percentage of a person's gross monthly income that goes toward rent.

Midwestern cities like Minneapolis, Cincinnati, Cleveland and........

© The Hill


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