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Study: Idaho renters need to earn $15.44 an hour in order to afford 2 bedroom apartment

The National Low Income Housing Coalition's "Out of Reach" report highlights what renters must make a year to afford various apartments throughout the United States. (File Photo)

A new report says the average renter in Idaho must make at least $15.44 an hour to afford a two-bedroom apartment in Idaho.

The National Low Income Housing Coalition's "Out of Reach" report highlights what renters must make a year to afford various apartments throughout the United States.

In Idaho, the report says the fair market rent for a two-bedroom unit is about $803 a month -- meaning a household must earn $2,677 monthly or a little over $32,000 a year.

Further crunching the numbers, the report says the income equates to $15.44 an hour.

If you earn the state's minimum wage of $7.25 an hour, you would need to work 85 hours a week to afford this two-bedroom apartment. If it's a one bedroom you're looking at, you'd need to work 66 hours a week. The report says the most expensive area in the state for housing wage is Blaine County ($19.54 an hour).

But it could be worse.

Our neighbors in Washington state need to earn at least $27 an hour to afford a two-bedroom unit.

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