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

Apartment for Rent Sign

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.

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