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Re:What you’d need to make in every county in the US to affo... by thyroxo on Tuesday April 22, 2014 @04:15PM (#7630127)
Hmmm, I'm not sure if I'm understanding the methodology... am I missing something?

According to the U.S. Department of Housing and Urban Development, the 1-bedroom rent+utilities cost (or FMR) is $750 for Schenectady County, NY. [1]

At minimum wage, and 40 hours each week, you make $7.25404 = $1160 each month.

How is $1160 < $750?

[1]: http://www.huduser.org/portal/datasets/fmr/fmrs/FY2014_code/...

Re:What you’d need to make in every county in the US to affo... by abshack on Tuesday April 22, 2014 @04:22PM (#7630170)
$750/$1160 is ~64%. The common definition for affordable rent is ~30% of monthly wage[1] (based on some quick google-fu).

[1] http://www.census.gov/hhes/www/housing/special-topics/files/...

Re:What you’d need to make in every county in the US to affo... by mhurron on Tuesday April 22, 2014 @04:44PM (#7630314)
The lower your income, the higher percentage of it will go to housing unless you are prepared to live in a dank, urine-soaked hellhole.
Re:What you’d need to make in every county in the US to affo... by extra88 on Tuesday April 22, 2014 @06:31PM (#7630913)
Or have (more) roommates. Three people together can get a 2-3 bedroom apartment that's better than the 1 bedroom apartments they can get individually.
Re:What you’d need to make in every county in the US to affo... by lutorm on Tuesday April 22, 2014 @04:17PM (#7630139)
Presumably it's based on the fact that you can "afford" to live there if you don't spend more than x % of your income on housing, where x < 100.
Re:What you’d need to make in every county in the US to affo... by c0g on Tuesday April 22, 2014 @04:18PM (#7630147)
Allowing for food, transport, etc?
Re:What you’d need to make in every county in the US to affo... by Avshalom on Tuesday April 22, 2014 @05:23PM (#7630543)
actually you make about 960 after federal withholding, oasdi and a couple other things (mandatory longterm disability at 4.50 a month)

so food, transport, clothes, cleaning supplies, laundromat, insurance etc. would have to fit into ~200 a month.

Re:What you’d need to make in every county in the US to affo... by mikeash on Tuesday April 22, 2014 @04:18PM (#7630145)
They are assuming that you spend 30% of your income on housing, leaving you money for food, transportation, taxes, etc.
Re:What you’d need to make in every county in the US to affo... by thyroxo on Tuesday April 22, 2014 @04:21PM (#7630163)
I wonder if that assumption is fair. Also, do you know where it says that in the article?
Re:What you’d need to make in every county in the US to affo... by dm2 on Tuesday April 22, 2014 @05:03PM (#7630433)
This mentions the 30%, they should have mentioned it in the article, it's the standard amount they use every year I think: http://nlihc.org/oor/2014

Also, many places won't let you rent without meeting the 30% of income amount.

Re:What you’d need to make in every county in the US to affo... by danielweber on Tuesday April 22, 2014 @04:27PM (#7630206)
In some dense cities, the bulk of the transportation costs are rolled into your housing costs, because you are buying walking distance to a subway.
Re:What you’d need to make in every county in the US to affo... by mikeash on Tuesday April 22, 2014 @05:15PM (#7630497)
Yes, it really seems like a variable approach would work better. There's a big difference between spending 30% of your income on housing while living in a rural area and doing so in the middle of Manhattan. I imagine that percentage could go considerably higher in big cities.
Re:What you’d need to make in every county in the US to affo... by reboog711 on Tuesday April 22, 2014 @04:25PM (#7630190)
It doesn't say that in the article...

It is an important point that would provide context to a lot of numbers.

Re:What you’d need to make in every county in the US to affo... by mikeash on Tuesday April 22, 2014 @04:40PM (#7630292)
Click "wrote about a report", then in that article click "new report", and you'll find this:

"The signature finding of Out of Reach is the annual Housing Wage - the hourly wage a full-time worker must earn to afford a decent two-bedroom rental home at HUD-estimated Fair Market Rent (FMR) while spending no more than 30% of income on housing costs."

It is not at all obvious. I really wish that news articles like this would set aside a section where they explicitly name and link to their sources rather than burying them as hyperlinks in the text.