The Least Affordable Cities For Workers?

work hours pay rentBy Matthew Tarpey

Most experts agree that about one-third of your salary should go toward paying rent. Unfortunately, in some cities that's a tough goal to achieve.

Using data from Economic Modeling Specialists International, along with average rent costs provided by numbeo.com, we've determined how many hours in the office it takes for a person making an average salary to cover the average rent in the 10 biggest U.S. cities. The numbers are based on a 40-hour workweek and a 50-week work year. Keep in mind that working 40 hours a week adds up to about 160 hours in the office each month.

1. New York
  • Average earnings: $69,400.
  • Average hourly salary: $34.70.
  • Average apartment rent (1 bedroom, in city center): $2,675.*
  • Hours to cover rent: 77.1.

2. Los Angeles
  • Average earnings: $56,400.
  • Average hourly salary: $28.20.
  • Average apartment rent (1 bedroom, in city center): $1,425.
  • Hours to cover rent: 50.5.

More: This Is What Your Co-Worker Earns

3. Chicago
  • Average earnings: $57,800.
  • Average hourly salary: $28.90.
  • Average apartment rent (1 bedroom, in city center): $1,500.
  • Hours to cover rent: 51.9.

4. Houston
  • Average earnings: $61,200.
  • Average hourly salary: $30.60.
  • Average apartment rent (1 bedroom, in city center): $1,200.
  • Hours to cover rent: 39.2.

5. Philadelphia
  • Average earnings: $69,400.
  • Average hourly salary: $34.70.
  • Average apartment rent (1 bedroom, in city center): $2,675.
  • Hours to cover rent: 77.1.

More: The Disturbing Reality About Being A Low-Wage Retail Worker

6. Phoenix
  • Average earnings: $59,000.
  • Average hourly salary: $29.50.
  • Average apartment rent (1 bedroom, in city center): $1,325.
  • Hours to cover rent: 44.9.

7. San Diego
  • Average earnings: $55,400.
  • Average hourly salary: $27.70.
  • Average apartment rent (1 bedroom, in city center): $1,325.
  • Hours to cover rent: 47.8.

More: Colleges With The Lowest-Paid Graduates

8. San Antonio
  • Average earnings: $45,600.
  • Average hourly salary: $22.80.
  • Average apartment rent (1 bedroom, in city center): $700.
  • Hours to cover rent: 30.7.

9. Dallas
  • Average earnings: $54,800.
  • Average hourly salary: $27.40.
  • Average apartment rent (1 bedroom, in city center): $1,000.
  • Hours to cover rent: 36.5.

10. San Jose, Calif.
  • Average earnings: $94,900.
  • Average hourly salary: $47.45.
  • Average apartment rent (1 bedroom, in city center): $1,700.
  • Hours to cover rent: 35.8.

*Rentals based on http://www.numbeo.com/cost-of-living/country_result.jsp?country=United+States.

Matthew Tarpey is a writer and blogger for CareerBuilder.com and its job blog, The Work Buzz.


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page2213

Where do u get this info?!?! Who makes 34.00 an hour? no one i know!

April 24 2013 at 12:34 AM Report abuse +1 rate up rate down Reply

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