Sacramento and Riverside are some of the most affordable cities for minimum-wage earners in the U.S. when it comes to rent, while San Jose ranks as one of the least economical.
Clever Real Estate took a look at typical rent prices for units of varying sizes and compared them to the area’s minimum wage across the 50 largest housing markets in the country.
What is the ranking of the top California cities?
- 13. Sacramento (tied with Chicago)
- 17. Riverside
- 20. Los Angeles (tied with Jacksonville, Fla.)
The top 24 cities, when ranked by one-bedroom affordability, all have a minimum wage higher than the federal minimum, according to the study.
None of the country’s 50 largest cities are home to one-bedroom rentals that meet the common affordability threshold of 30% of local minimum wage incomes…