The Hourly Wage Needed To Comfortably Rent An Apt In JS Is…
We have always complained that the Garden State is super expensive, and now we have proof to back it up!
A study was conducted by the National Low Income Housing Coalition and the Housing and Community Development Network of New Jersey and there is a good chance you won't like their findings: New Jersey is the 5th most expensive state for renters!
They took it a step further and even did the necessary math to calculate how much someone renting a two bedroom apartment for $1,500 would need to make per hour.
The winning number is....
That breaks down to an annual salary of $60K per year.
So may I just point out that when graduates enter the workforce, the typical starting salary is in the $30K to $40K range depending on the career path.
That's it...I'm moving into a cardboard box because this is just bonkers.
Take a look at the original article breaking down the statistics at NJ.com.
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