Working in some of the fastest-growing occupations might still not be enough to afford the average one-bedroom rental, let alone two-bedroom, anywhere in the U.S. Let’s face it renting is going to cost you, therefore it is important to know what you can afford before you sign on the dotted line.
In some cities the cost of rent has risen, but wages have not kept up with the pace. The average one-bedroom apartment in Texas will cost you 82 Texas minimum wage hours per week ( without paying more than 30% of your income). If you want to rent a two-bedroom apartment then it will cost you at least 101 Texas minimum wage hours per week. Assuming a 4-hour work week, 52 weeks per year, the hourly wage is $18.38.
Renting your next home is one of those big financial decisions. We can help you make sure your next move is a smart move. Give Apartments Now a call today (210) 802-1112.