Article didn’t seem to spell out the math on the methodology being reported on. Essentially they’re saying someone would need to earn $17.90 per hour to afford

Article didn’t seem to spell out the math on the methodology being reported on. Essentially they’re saying someone would need to earn $17.90 per hour to afford a one bedroom apartment. This is apparently calculated by taking the number $930.80 (presumably the average one bedroom monthly rental) and dividing it by .30 (the article states this is a common measure of affordability to spend 30% of your income on housing costs) which equates to $3,102.67 monthly income. They then multiply this by 12 to get a yearly income of $37,232 which works out to $17.90 per hours for 40 hours per week. So the most important number seems to be they’re saying a 1 bedroom apartment costs $930.80 and they don’t take into account the fact that people often live with either a significant other or a roommate and that multi-bedroom apartments cost less per resident on average.