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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…

 

 

William

Dedicated Christian that has experienced many facets of Christendom thru the years. Father of three and husband of but one wife. Education: Nuclear Reactor Operator while serving in US Navy, Masters in Business Administration, Bachelor's Degree in Government, Microsoft Certified System's Engineer, CompTIA Network Plus and A Plus certifications, and various accounting classes.