$15? $25? $0 because the children yearn for the mines?
this post was submitted on 02 Jun 2025
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Average rental price per month divided by 40 hours a week or 160 hours a month.
$1200 / 160 hours = 7.5
Obviously this is just an example
Some of my comment got lost:
Your housing costs should only be a third of your total income or less. Thats the place i was going with it. Oops
So your entire pretax pay check should go to housing?
No, absolutely not. i think theres a case for a minimum wage, but here its just a baseline for only basic housing. Obviously the national average rental price is much higher than 1200 to start. My conclusion here would be that your housing costs, according to experts should only be a 1/3 or less of your total income.
Only if you live alone and aren't willing to live in lower-cost housing.
How do you eat, get to work, take care of medical issues, etc.?
Again, by spending less than the median housing cost, ideally by spending no more than a third of the median housing cost.
Eg. The median rent in Chicago is about $2K\mo right now. But you can live an more economically depressed part of town and get a one-bedroom for $1.1K or a three bedroom for that same $2K and split that with two roommates.
I'm not OP and her proposal isn't perfect, but this particular critique just doesn't hold water when she specified the median housing cost.