Report: Two-bedroom requires wage of nearly $28 an hour in Westchester, Rockland, Putnam

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The National Low Income Housing Coalition released its annual report Monday on the cost of housing compared to incomes in America.apartments

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.

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2 Comments

  1. What better way than to keep the riffraff out of Cuomo’s home county? He surely doesn’t want any of those low life types that he and his “progressive” pals are trying to “help” all the time in Westchester. Instead, Cuomo sends them all here in the Southern Tier where there is rampant poverty because of his dithering on nat gas drilling.

  2. August wants to get rich leasing his land and skip out of New York before the aquifiers and water supply is fracked up and effed up for all of the NYC and Westchester residents that use that drinking water system (about 11 million people who pay taxes and work all day by the way)
    August: you are a one note blogger. Just looking to get rich.