This is how much you need to earn to afford a 2-bedroom apartment in Ohio

You need to make almost $7 over the minimum wage in order to afford a two-bedroom apartment in Ohio, according to a new study. (WKRC File)

CINCINNATI (WKRC) - You need to make almost $7 over the minimum wage in order to afford a two-bedroom apartment in Ohio, according to a new study.

The National Low Income Housing Coalition released their annual "Out of Reach" report, comparing wages to rental costs. According to the study, 34 percent of Ohioans are renters, and 36 percent of those who live in the Cincinnati metropolitan area rent.

The average worker in Ohio needs to earn at least $15.25 an hour in order to afford a two-bedroom rental. In the Cincinnati metro area, however, you would need to earn $16.25 an hour for a two-bedroom. In Ohio, minimum wage is $8.30 an hour, and the average wage renters earn is $13.32.

If you're earning minimum wage in Cincinnati, you'd have to work 78 hours a week to earn enough for a two-bedroom, 60 hours for a one-bedroom and 52 hours for a studio. The average number of hours you need to work at minimum wage to afford a two-bedroom throughout Ohio is 74.

Comparing Ohio to the rest of the United States, Ohio ranks 44th in highest housing wage. Hawaii is first, followed by Washington, DC, California and New York.

Click here to see the full report for Ohio.

You can also see the full reports for Kentucky here and Indiana here.



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