Can a minimum wage worker afford a home in Manhattan? - ProProfs Discuss
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Can a minimum wage worker afford a home in Manhattan?

Asked by Ackerley, Last updated: May 17, 2020

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b.Isabellae

B.Isabellae

Answered Nov 07, 2017

Minimum wage earners usually can’t afford a home in many places. Some of the houses for rent or purchase that are located on the outskirts of major cities are usually more affordable. So, if a couple who each earn minimum wage tries to buy a house, they may be able to buy or rent one in a rural area. However, Manhattan is known for being the most expensive and smallest apartments in the United States.

Therefore, there is probably not a neighborhood in Manhattan that can be owned or rented for people who earn minimum wage. Most New Yorkers need to earn at least forty dollars per hour in order to be able to pay the average rent per month.

 

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