To no one's surprise, Austin is one of the most expensive cities to live in in Texas.
Residents here need to earn around $23 an hour to afford rent for a standard two-bedroom apartment, a new report finds. That’s more than three times the state’s minimum wage of $7.25.
The looked at the wages needed to afford rent in cities and states across the country. Texas was the 22nd most expensive state for renters, requiring an average wage of $18.38 per hour to afford a two-bedroom; Hawaii was most expensive state at $35.20 per hour.
AGÕæÈ˰ټÒÀÖ County was the third most expensive area in Texas, behind Midland and Odessa. The fair market rent for a typical two-bedroom apartment in Austin is about $1,195, meaning you'd need to earn $22.98 an hour.
Affordable rent for someone making minimum wage here is $377.
The minimum wage in Texas has been $7.25 per hour since 2009. Some state lawmakers are fighting to raise it to $10.10; a few want to double it. None of the bills addressing the issue made it to governor's desk this legislative session.
Read the report below.