A Recent Study Found Rising Housing Costs In New England.

A Rhode Island Minimum Wage Worker Would Need To Work 79 Hours Per Week To Afford A Modest Two-Bedroom Apartment In New England A Rhode Island Minimum Wage Worker Would Need To Work 79 Hours Per Week To Afford A Modest Two-Bedroom Apartment In New England

Rhode Island's Two-Bedroom Rent Is $1,264. Rent And Utilities Shouldn't Exceed 30% Of A Household's Income To Be Considered Affordable.

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[{"selector":"#anim-1b4c62bc-7b1d-4cef-b6ed-8bad583e3b2c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-58a2b77f-d736-4093-929b-f13376afc4d2","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79415c45-7403-42e0-8938-4d3730735ced","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ca155c4-b9d5-4fe7-8c79-227f57f6d23e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] According To The Analysis, A Household Would Need $4,215 Monthly And $50,579 Annually. Newport-Middleton-Portsmouth Rents May Demand A Greater Income. According To The Analysis, A Household Would Need $4,215 Monthly And $50,579 Annually. Newport-Middleton-Portsmouth Rents May Demand A Greater Income.

There Has Been No Change In The Federal Minimum Wage Since 2009, While The State Minimum Wage Is $12.25.

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A Minimum Wage Person Would Need Two Full-Time Jobs Or 66 Hours Per Week To Finance A Modest $1,045 One-Bedroom Apartment.

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The Rhode Island Legislature Adopted A $15-Per-Hour Minimum Wage In 2021, But It Won't Take Effect Until 2024.

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Experts Say This Is A Step In The Right Direction, But It Won't Keep Up With Escalating Housing Costs.

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Nlihc Researches And Advocates For Affordable Housing.

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This Revelation Comes Amid Record-High Inflation And Soaring Rental Expenses.

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Families, Seniors, And Individuals Are Being Priced Out Of Their Homes And Neighborhoods By Rising Rents.

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