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Renters in Ohio need only $13.79/hour to live ‘comfortably’

Renters in Ohio need only $13.79/hour to live ‘comfortably’.

A new report shows that many Americans do not make enough money to be able to afford fair market rent for a two-bedroom apartment. Ohio’s current minimum wage was raised to $7.85 an hour in January and includes an annual cost-of-living escalator. Fortunately in Ohio the average family needs to earn only $13.79 an hour, which is lower than the national average, in order to live comfortably. More from Next City:

To comfortably afford housing in the U.S. in 2013, according to the NLIHC, a renter must earn $18.79 an hour. That is much higher than the $14.32 hourly wage earned by the average renter, and more than double the $7.25 national minimum wage (not to mention President Obama’s proposed increase to a $9 minimum wage).

Beyond the grim big picture, data shows that blacks and Hispanics carry an added burden. While over half of the people who cannot afford housing are white, 48 percent of all African-American families and 46.6 percent of Hispanic families have insufficient income to pay the average fair market rent for a two-bedroom apartment ($977), according to analysis by the Poverty and Race Research Action Council.

By Randy A. Simes

Randy is an award-winning urban planner who founded UrbanCincy in May 2007. He grew up on Cincinnati’s west side in Covedale, and graduated from the University of Cincinnati’s nationally acclaimed School of Planning in June 2009. In addition to maintaining ownership and serving as the managing editor for UrbanCincy, Randy has worked professionally as a planning consultant throughout the United States, Korea and the Middle East. After brief stints in Atlanta and Chicago, he currently lives in the Daechi neighborhood of Seoul’s Gangnam district.