average minimum wage in place in many states. There was no state in which a minimum wage worker could afford rent for the average two-bedroom apartment, if they only worked 40 hours a week.
In 2022, households in California needed an hourly wage of 39 U.S. dollars to afford the rent of a two-bedroom apartment. Hawaii had the least affordable two-bedroom apartments, as a household would have to earn at least 40.6 U.S. dollars per hour in order to afford rent payments. These figures are considerably higher than the Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars)
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Statistics on Apartments in the United States
Overview
8
- Premium Statistic Key figures of the apartment rental market in the U.S. 2022
- Premium Statistic Most affordable cities to rent an apartment in the U.S. 2022, by apartment size
- Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
- Premium Statistic Apartment rent in the United States in 2020-2022, by state
- Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2021
- Premium Statistic Leading apartment owners in the U.S. 2022, by units owned
- Premium Statistic Size of apartment rental market U.S. 2012-2022
- Premium Statistic Size of property management market in the U.S. 2009-2022
Construction
7
- Premium Statistic Rental stock in select metros in the U.S. 2022, by type of building
- Premium Statistic Leading apartment developers in the U.S. 2021
- Premium Statistic U.S. new apartment supply 2001-2022
- Premium Statistic New apartments completed in the U.S. 2022, by metro area
- Premium Statistic Median size of multifamily housing units in the U.S. 2000-2021
- Premium Statistic Average apartment size in the largest cities in the U.S. 2022
- Premium Statistic Amount of converted apartments in the U.S. 2010-2021
Industry data
8
- Premium Statistic Apartment sales volume index in the U.S. 2016-2022
- Premium Statistic Apartment market tightness index U.S. 2016-2022
- Premium Statistic Apartment market debt and equity financing index U.S. 2016-2022
- Premium Statistic Apartment stock value per square foot in the U.S. 2010-2021
- Premium Statistic Market share of rental property review sites U.S. 2021
- Premium Statistic Average number of websites where a rental property is reviewed U.S. 2015-2021
- Premium Statistic Average number of online reviews per rental property U.S. 2015-2021
- Premium Statistic Average online review rating of rental properties U.S. 2021, by review site
Affordability
6
- Premium Statistic U.S. cities with highest rents for one bedroom apartments in 2021
- Premium Statistic Year-on-year apartment rent change in the U.S. 2021-2022, by state
- Premium Statistic U.S. two-bedroom housing fair market rent 2022, by state
- Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2022, by state
- Premium Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2022, by county
- Premium Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2022, by metro area
Further related statistics
19
- FMR for one- and two-bedroom units in the U.S. 2020-2022
- Average rent affordable for low-income households in the U.S. 2022
- Average monthly rent for two-bedroom apartments in Iceland 2017, by region
- Housing wage and affordability of a two-bedroom apartment: California 2011
- Three room unfurnished apartment rent in selected cities worldwide 2015 | Statistic
- Average rents for 2-bedroom apartments in London 2013, by borough
- Average price of properties for rent in Rome, Italy, 2022, by area
- Average price of properties for rent in Florence, Italy, 2022, by area
- Average price of properties for rent in Naples 2022, by area
- Average price of properties for rent in Bologna, Italy, 2022, by area
- Average price of properties for rent in Venice, Italy, 2022, by area
- Average price of properties for rent in Turin, Italy, 2022, by area
- Italy: most expensive cities to rent a double room 2018
- Average rents for 1-bedroom apartments in London 2013, by borough
- Hourly wages to afford a two-bedroom apartment in New York metros 2021-2022
- Two-bedroom housing fair market rent in metropolitan areas in New York, U.S. 2022
- Collective bargaining coverage in the CEE region 2020
- U.S. share of employer cost for employee compensation 2021, by industry & component
- Quarterly hourly earnings of employees New Zealand 2015-2021 by gender
Further Content: You might find this interesting as well
Statistics
- FMR for one- and two-bedroom units in the U.S. 2020-2022
- Average rent affordable for low-income households in the U.S. 2022
- Average monthly rent for two-bedroom apartments in Iceland 2017, by region
- Housing wage and affordability of a two-bedroom apartment: California 2011
- Three room unfurnished apartment rent in selected cities worldwide 2015 | Statistic
- Average rents for 2-bedroom apartments in London 2013, by borough
- Average price of properties for rent in Rome, Italy, 2022, by area
- Average price of properties for rent in Florence, Italy, 2022, by area
- Average price of properties for rent in Naples 2022, by area
- Average price of properties for rent in Bologna, Italy, 2022, by area
- Average price of properties for rent in Venice, Italy, 2022, by area
- Average price of properties for rent in Turin, Italy, 2022, by area
- Italy: most expensive cities to rent a double room 2018
- Average rents for 1-bedroom apartments in London 2013, by borough
- Hourly wages to afford a two-bedroom apartment in New York metros 2021-2022
- Two-bedroom housing fair market rent in metropolitan areas in New York, U.S. 2022
- Collective bargaining coverage in the CEE region 2020
- U.S. share of employer cost for employee compensation 2021, by industry & component
- Quarterly hourly earnings of employees New Zealand 2015-2021 by gender
NLIHC. (July 28, 2022). Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars) [Graph]. In Statista. Retrieved March 27, 2023, from https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. "Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars)." Chart. July 28, 2022. Statista. Accessed March 27, 2023. https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. (2022). Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars). Statista. Statista Inc.. Accessed: March 27, 2023. https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC. "Hourly Wages Needed to Afford a Two-bedroom Apartment in The United States in 2022, by State (in U.S. Dollars)." Statista, Statista Inc., 28 Jul 2022, https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/
NLIHC, Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars) Statista, https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/ (last visited March 27, 2023)
Hourly wages needed to afford a two-bedroom apartment in the United States in 2022, by state (in U.S. dollars) [Graph], NLIHC, July 28, 2022. [Online]. Available: https://www.statista.com/statistics/203384/us-two-bedroom-housing-wage-by-state/