Hawaiʻi has the highest housing wage in the U.S.
Researchers analyzed rent prices in all 50 states to determine how much was needed to rent a two-bedroom apartment at fair market value without spending more than 30 percent of one’s income.
Hawaiʻi has highest gap between wages, rent required for a 2-bedroom
Hawaiʻi is not only the most expensive state for renters to live in, but also has the greatest gap between average earnings and average fair-market rent.
The call for a living wage
Lawmakers are looking to raise the minimum wage to $12.50 in 2024 for those who get healthcare from their employers; an increase of about $0.50 an hour each year, and simply not enough.
Maui renters need to work 123 hours a week to afford 2-bedroom apartment
Hawaiʻi has the highest “housing wage” in the country, at $36.13 per hour, according to a new national report released today, or over $75,000 per year.