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California. Minimum hourly wage: $12 Annual income on the minimum wage: $24,960 Monthly rent one person can afford on minimum wage: $538.50 Average studio rent: $997 Average one-bedroom rent ...
It takes 4.38 minimum wage workers to comfortably pay for a one-bedroom apartment, since it costs 131% of one worker’s salary to pay rent. Kruck20/istockphoto 2.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [5]
While rental markets are cooling down, Americans still need to make a significant amount more than the federal minimum wage to afford rent. ... full-time employees need to make $26.74 an hour to ...
It is based on a formula crafted in 1997 intended to fix the federal minimum wage and shift it from ... Rent in the area where the ... even for full-time minimum wage ...
In 1938, President Franklin D. Roosevelt signed the Fair Labor Standards Act into law, which introduced the minimum wage at 25 cents per hour. It has increased some since then, but not much. While...
The federal minimum wage remains at $7.25 per hour, a rate that has remained in place since 2009. Although many cities now have minimum wages above this threshold, it's still hard for Americans ...