Called Out of Reach 2014, the report calculates the hourly wage a full-time worker must earn to afford a two-bedroom rental without spending more than 30 percent of his income on housing costs. In Westchester, it’s $27.87 or nearly $58,000 a year. In Rockland and Putnam, it’s $27.69. A minimum wage worker would have to work 3.5 full-time jobs to afford the apartment, according to the report.
Despite that, the counties don’t make the top 10 nationally. Nassau and Suffolk did make the top 10.
The report does put New York among the most expensive states, at number six, with a wage of $24.87.
The national average is $18.92, more than two and a half times the federal minimum wage.
The report is available here.