The thirty percent rule.
The study used $1,195 a month for the rent for a two-bedroom apartment in the Austin metro. A person would need to earn $47,800 to pay for that apartment.
If you earned $7.25 an hour, you’d need to work over 3 full time jobs to pay for a two-bedroom apartment.
Texas came in at the 22nd slot in the most expensive cities for renters. You need to earn $18.38 per hour to pay for a two bedroom in the state. In the US, workers have to earn $21.21 per hour to swing rent on a two bedroom unit.
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