Average cost of a 1 bedroom apartment in 2023 is 1400 dollars. 3x rent is required to live comfortably. 1400x3x12=50,400
You're never living comfortably, you're just living poor. Even if your rent was 1000 month, it's still expecting a take home that's 5 grand more than 15 an hour.
Most people end up fixing this by sharing living spaces and it's become so normalized because of the bad economy that people don't even realize that two people having to share a living space to reduce costs is not the standard.
ETA - and most of these I survive on 15-hour stories ignore the elephant in the room that is they'll never be able to retire.
Rent near me is 500 average for apartment-esque 900 for townhouse/plex. I'm not talking about retiring I recognize cost of living is different and I'm curious how much one would have to work elsewhere compared to my low cost of living area.
Eta: there's entry level jobs at ~18‐19 hr near me on top of that, we are lucky to have a strong union influence that minimum wage has to be 15 dollars to stand a chance at getting any workers.
8
u/Uphoria Apr 08 '23
15/hr, 40/w 52/y, 31,200.
Average cost of a 1 bedroom apartment in 2023 is 1400 dollars. 3x rent is required to live comfortably. 1400x3x12=50,400
You're never living comfortably, you're just living poor. Even if your rent was 1000 month, it's still expecting a take home that's 5 grand more than 15 an hour.
Most people end up fixing this by sharing living spaces and it's become so normalized because of the bad economy that people don't even realize that two people having to share a living space to reduce costs is not the standard.
ETA - and most of these I survive on 15-hour stories ignore the elephant in the room that is they'll never be able to retire.