Minnesota Housing Costs Report 19 Apr 14

A new report finds that a minimum wager earner would have to work 69-hours a week at $9.50 an hour in order to afford a modest two-bedroom apartment in our state. The Minnesota Housing Partnership’s Leigh Rosenberg says that the most expensive rent is in the Twin Cities area, as well as in Rochester, but that residents of Greater Minnesota end up actually paying more because their wages are lower. Rosenberg says at $7.25 an hour you would have to work 91-hours a week to afford a modest two-bedroom apartment. The highest housing costs in the local area are in Le Sueur, Nicollet, and Blue Earth Counties. The “Out of Reach 2014″ report with county-by-county statistics can be found on the Minnesota Housing Partnership’s website at www.mhponline.org.