Report: Doubled Minimum Wage Needed To Afford Two Bedroom Apt. In LA

Louisiana residents need to make more than twice the minimum wage in order to afford an average two-bedroom apartment.

That's according to a report by the National Low Income Housing Coalition which calculates the needed wage to be $17 an hour.

At 2.3 times the minimum of $7.25 an hour, that's still not enough for the most expensive areas such as New Orleans and Baton Rouge.

The report's data was calculated using an assumption that people use about 30% of their income on housing.