The Income Needed to Afford Rent in Michigan and Every Other State

We all know that inflation is crazy right now. And not just inflation on things like groceries, clothes, and homes. We're talking just about everything, including rent.

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Rent prices are astronomical, and people are having a hard time being able to afford the cost of living. Even if you have a decent income or hold down multiple jobs, being able to afford housing has become increasingly difficult.

With that in mind, how much would you need to make per hour to afford rent?

How Much Do You Need to Make Per Hour to Afford Rent in America?

The cost of living is different for each state, so the hourly wage required differs. And typically speaking, it's recommended to keep the cost of rent/housing to one-third of your gross monthly income or less.

To figure out just how much you'd need to make in each state, the National Low Income Housing Coalition took a look at the numbers and put out their annual Out of Reach report, which takes an in-depth look at rent prices versus wages.

Sad news, the NLIHC found that "rental housing is unaffordable for low-wage workers.

Minimum-wage workers Can't Afford Rent in Any State

As of right now, the federal minimum wage is $7.25 per hour. Granted, it can be higher from state to state, but that's just what you're guaranteed federally.

Read Related: Michigan's Home to the Worst City in America for Renters

Based on that number alone, some people would have to work approximately two and a half minimum-wage jobs just to afford rent in some of the cheapest states.

How Much Money Do You Need to Make Per Hour to Afford Rent in Michigan?

To find out the housing wage necessary to rent a two-bedroom apartment at fair housing rent, take a look below. Find out where Michigan sits on the list.