Interesting graphs and charts department - Page 20

classicman · 03-19-2012, 06:42 PM

Livin it right here baby! I'm surrounded by that dark blue.

ZenGum · 03-19-2012, 06:46 PM

Anyone else notice that the giant block of US defense spending is almost exactly the same shade of blue as the really expensive housing areas? Coincidence? Conspiracy? or Causal connection?

ZenGum · 03-19-2012, 07:26 PM

Anyone can miss Hawaii, it's so small...

HungLikeJesus · 03-19-2012, 07:58 PM

I wonder of those are based on federal minimum wage (which I think is currently $7.25/hr) or state minimum wage?

I think the table is in error. Here's an example - Colorado minimum wage is $7.64/hr and the table indicates you would need to work 85 hours per week to afford an apartment. That comes out to be $649/week, or $2814/month.

Maybe they mean after taxes, or after taxes and groceries and gas and all other expenses.

xoxoxoBruce · 03-22-2012, 03:20 PM

Quote:

Originally Posted by HungLikeJesus

I wonder of those are based on federal minimum wage (which I think is currently $7.25/hr) or state minimum wage?

I think the table is in error. Here's an example - Colorado minimum wage is $7.64/hr and the table indicates you would need to work 85 hours per week to afford an apartment. That comes out to be $649/week, or $2814/month.

Maybe they mean after taxes, or after taxes and groceries and gas and all other expenses.

Rent is usually monthly. I got the impression the number was how many hours a month for the rent. Also, nobody could do it in a week on Minimum wage, no matter where you live.

Gravdigr · 03-22-2012, 04:40 PM

Quote:

Originally Posted by xoxoxoBruce

Rent is usually monthly.

When you talk about rent that minimum wage earners can afford, that rent is quite often by-the-week.

Cheapest place in my town is the local mobile home park. $130/week. But, the water bill is included in the rent.

Lamplighter · 03-22-2012, 05:26 PM

... $130 / week is equivalent to $563 / month.
... with minimum wage = $ 7.25 hr X 160 hr / month = $1,160 / mo

$563 per mo / $7.25 per hr = = 77 hrs of work / month
$563 per mo / $1,160 per mo = 48.5 % of income for rent

This is even higher than the map shows for KY, maybe due to including water bill.

HungLikeJesus · 03-23-2012, 04:36 PM

Quote:

Originally Posted by xoxoxoBruce

Rent is usually monthly. I got the impression the number was how many hours a month for the rent. Also, nobody could do it in a week on Minimum wage, no matter where you live.

In the chart key it say "hours per week."

xoxoxoBruce · 03-26-2012, 02:24 AM

Hmm, then I'm still confused. Maybe they're saying your rent shouldn't be above 25% of your gross.

I am sure working for minimum wage sucks, though.

Spexxvet · 03-26-2012, 10:31 AM

It's for a 2 bedroom unit at fair market price

Gravdigr · 03-22-2012, 04:43 PM

And, yes, I lived there. Once.

Talk about motivation...ugh.

classicman · 03-26-2012, 07:32 AM

yes it sure does. Especially when is manual labor and you had been making 4x that.

infinite monkey · 03-26-2012, 10:35 AM

Fair market for a place including bedbugs, cockroaches, mice, trashy neighbors, shootings, etc...or fair market for a safe and clean facility?

glatt · 03-26-2012, 10:46 AM

It's been 15 years since I lived in an apartment, and the rent then was $950 for a 2BR. So I just pulled up craigslist so see what rents are now.

Wow. I don't know if I would be able to afford to live here if I had to rent. It would not be easy.

Griff · 03-26-2012, 04:24 PM

He he... I think we paid $250 all included for our last rental. Major elbow grease in lieu of money and they never raised the rent on us.

03-19-2012, 06:42 PM	#1
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Livin it right here baby! I'm surrounded by that dark blue. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-19-2012, 06:46 PM	#2
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Anyone else notice that the giant block of US defense spending is almost exactly the same shade of blue as the really expensive housing areas? Coincidence? Conspiracy? or Causal connection? __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

03-19-2012, 07:26 PM	#3
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Anyone can miss Hawaii, it's so small... __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

03-19-2012, 07:58 PM	#4
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	I wonder of those are based on federal minimum wage (which I think is currently $7.25/hr) or state minimum wage? I think the table is in error. Here's an example - Colorado minimum wage is $7.64/hr and the table indicates you would need to work 85 hours per week to afford an apartment. That comes out to be $649/week, or $2814/month. Maybe they mean after taxes, or after taxes and groceries and gas and all other expenses. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

03-26-2012, 02:24 AM	#9
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Hmm, then I'm still confused. Maybe they're saying your rent shouldn't be above 25% of your gross. I am sure working for minimum wage sucks, though. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

03-22-2012, 05:26 PM	#7
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	... $130 / week is equivalent to $563 / month. ... with minimum wage = $ 7.25 hr X 160 hr / month = $1,160 / mo $563 per mo / $7.25 per hr = = 77 hrs of work / month $563 per mo / $1,160 per mo = 48.5 % of income for rent This is even higher than the map shows for KY, maybe due to including water bill.

03-26-2012, 10:31 AM	#10
Spexxvet Makes some feel uncomfortable Join Date: Dec 2005 Posts: 10,346	It's for a 2 bedroom unit at fair market price __________________ "I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce

03-22-2012, 04:43 PM	#11
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	And, yes, I lived there. Once. Talk about motivation...ugh. __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

03-26-2012, 07:32 AM	#12
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	yes it sure does. Especially when is manual labor and you had been making 4x that. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-26-2012, 10:35 AM	#13
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	Fair market for a place including bedbugs, cockroaches, mice, trashy neighbors, shootings, etc...or fair market for a safe and clean facility?

03-26-2012, 10:46 AM	#14
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	It's been 15 years since I lived in an apartment, and the rent then was $950 for a 2BR. So I just pulled up craigslist so see what rents are now. Wow. I don't know if I would be able to afford to live here if I had to rent. It would not be easy.

03-26-2012, 04:24 PM	#15
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	He he... I think we paid $250 all included for our last rental. Major elbow grease in lieu of money and they never raised the rent on us. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

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