Quote:
Originally Posted by thebasketballgeek
Avg Rent is actually $1317 a month as of Feb 2022 (page 51) and the wage required to have rent just be 30% of your income is about $27 an hour. I wonder what the median salary is in Winnipeg and how it compares to other cities in that regard.
Anyways only 3% of all dwelling units in the city would be considered affordable for someone making minimum wage. Increasing the wage is a necessity, but it has to be in conjunction with heavy investment into public housing. |
Thanks for finding that info, it doesn't provide the average for the other sized units but if you assume the increase is equal across all unit sizes(not perfect but all I got), then the breakdown is as follows.
----------- 30% ---- 35% ---- 40% ---- 30% (Couple) - 20% (Family)
Bachelor - $15.18 - $13.01 - $11.38 - $ 7.59 -- $11.39
1 Bed - $19.82 - $16.97 - $14.86 - $ 9.91 -- $14.86
2 Bed - $25.32 - $21.71 - $19.00 - $12.66 -- $18.99
3+ Bed - $32.04 - $27.46 - $24.03 - $16.02 -- $24.03
I've also included families at 20% of their income as they would have much greater expenses associated to raising children. Obviously that is a much more difficult metric to measure as they would also be receiving other child care benefits that I can't begin to input into my napkin math above.
Couples obviously don't need to be considered in the decision as their ability to pool income is much greater.