Where can you afford a 2-bedroom rental in Oregon on the minimum wage? Nowhere, study says
EUGENE, Ore. - Rentals in Eugene are more affordable than the statewide average in Oregon, according to a new study.
But the hourly wage required to afford a 2-bedroom rental in Eugene is still more than $8 higher than the current Oregon minimum wage, according to data compiled by the National Low Income Housing Coalition's "Out of Reach" report.
And there's nowhere in Oregon where a person working 40 hours per week for the minimum wage can afford a 2-bedroom rental.
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The study found a typical Oregon needed to earn $21.26 per hour to afford a 2-bedroom rental.
At the minimum wage, that would require working 79 hours per week to afford rent. For a 1-bedroom rental, the hours fall to 65 hours per week.
In Eugene/Springfield, a worker needs to earn $18.60 per hour to rent a 2-bedroom, a few cents lower than Corvallis and a few cents more than Bend-Redmond.
Workers in the Portland Metro area need to earn over $25 per hour to afford a 2-bedroom rental.
In Coos County, you would need to earn $15.04 an hour to afford a typical 2-bedroom rental. In Douglas County, the wage is $14.62.
Elsewhere in Oregon, the study found the most affordable rents in rural counties, like Baker, Grant, Harney and Jefferson counties.
But the study found nowhere in Oregon where a full-time worker earning the minimum wage could afford a typical 2-bedroom rental.
The study considers "affordable" rent as not more than 30 percent of a renter's income.