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LA residents need to make $33 an hour to afford the average apartment

Finding affordable apartments is especially tough in Los Angeles, where 52 percent of people are renters, according to a new study.; Credit: Justin Sullivan/Getty Images

Ben Bergman

You need to earn at least $33 an hour — $68,640 a year — to be able to afford the average apartment in Los Angeles County, according to Matt Schwartz, president and chief executive of the California Housing Partnership, which advocates for affordable housing. 

That's more than double the level of the highest minimum wage being proposed by Mayor Eric Garcetti, which he argued would make it easier for workers to afford to live here. “If we pass this, this will allow more people to live their American Dream here in L.A.," Garcetti proclaimed when he announced his plan to raise the minimum wage to $13.25 by 2017. 

The $33 an hour figure is based on the average L.A. County apartment rental price of $1,716 a month, from USC's 2014 Casden Multifamily Forecast. An apartment is considered affordable when you spend no more than 30 percent of your paycheck on rent.

To earn $33 an hour or more, you'd need to have a Los Angeles job like one of the following occupations: 

But many occupations typically earn far below that $33 an hour threshold in L.A. County, according to the California Housing Partnership:

  • Secretaries: $36,000 ($17 an hour)
  • EMT Paramedics: $25,00 ($12 an hour)
  • Preschool teachers: $29,000 ($14 an hour)

That's why L.A. residents wind up spending an average of 47 percent of their income on rent, which is the highest percentage in the nation, according to UCLA's Ziman Center for Real Estate.

Naturally, people who earn the current California minimum wage of $9 an hour ($18,720 a year) would fare even worse in trying to afford an average apartment.

Raising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year.

What about buying a home?

In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website. 

The median home price in Los Angeles is $570,500, according to the real estate website, Trulia.com.

But consider that the median income in Los Angeles is about half that: $49,497, according to census numbers from 2009-2013.

So it's no surprise that Los Angeles has been rated as the most unaffordable city to rent in America by Harvard and UCLA

The cost of housing has gone up so much that even raising the minimum wage to $15.25 an hour – as some on the city council have proposed doing by 2019– would not go very far in solving the problem.

“Every little bit helps, but even if you doubled the minimum wage, it wouldn’t help most low-income families find affordable rental housing in Los Angeles,” said Schwartz.

What percentage of your income to you spend on housing in Los Angeles? Let us know in the comments, on our Facebook page or on Twitter (@KPCC). You can see how affordable your neighborhood is with our interactive map.

An earlier version of this story incorrectly calculated the hourly pay rate, based on the estimated $68,640 annual pay needed to afford the average rent in L.A. County. KPCC regrets the error.

This content is from Southern California Public Radio. View the original story at SCPR.org.




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Christine Muttonen of Austria elected OSCE PA President, Vice-Presidents and Committee Officers also elected

TBILISI, 5 July 2016 – At the close of the OSCE Parliamentary Assembly’s 25th Annual Session in Tbilisi today, members of the Assembly elected Austrian parliamentarian Christine Muttonen as President. Muttonen has previously served as OSCE PA Vice-President and Special Representative for Central and Eastern Asia, and is Deputy Head of the Austrian Delegation to the PA.

Upon being elected, Muttonen said that she would pursue direct talks with governments and other OSCE institutions on advancing avenues for closer co-operation.

“Parliamentarians can play a very important role in securing peace and stability,” she said. “It will be my duty to make sure they have the possibility to do so.”

OSCE PA Vice-Presidents were also elected today: Vilija Aleknaite Abramikiene (Lithuania), Azay Guliyev (Azerbaijan), and Isabel Santos (Portugal) were elected to three-year terms, and Victor Dobre (Romania) was elected to a one-year term.

On Monday, the OSCE PA’s General Committee on Political Affairs and Security elected its leadership. Members of the committee re-elected Roger Wicker (United States) and Margareta Cederfelt (Sweden) Chair and Rapporteur, respectively, and Guglielmo Picchi (Italy) was elected Vice-Chair.

In the General Committee on Economic Affairs, Science, Technology and Environment on Sunday, members elected Nilza Sena (Portugal) Chair and Artur Gerasymov (Ukraine) Vice-Chair. Italian parliamentarian Marietta Tidei was re-elected Rapporteur.

Members of the General Committee on Democracy, Human Rights and Humanitarian Questions on Monday elected Ignacio Sanchez Amor (Spain) Chair and Kyriakos Kyriakou-Hadjiyanni (Cyprus) Rapporteur. Vice-Chair Ivana Dobesova (Czech Republic) was re-elected by acclamation.

In his final address as Assembly President, Finnish parliamentarian and former Chairperson-in-Office of the OSCE Ilkka Kanerva noted that he has led the PA during challenging times.

“In these times, it is important to recall the validity of all ten Helsinki Final Act principles. As President, I have worked to reaffirm these principles, even as they have been put to the test lately. I believe that reviving the spirit of Helsinki requires ensuring that the OSCE Parliamentary Assembly remains an Assembly that is inclusive, open and transparent,” he said.

He also highlighted his special paper distributed at the Tbilisi Annual Session entitled “Our common vision for the OSCE Parliamentary Assembly.”

Kanerva was elected President of the Assembly at the Baku Annual Session in July 2014, and will now serve as President Emeritus of the Assembly.

For the full text of the OSCE PA’s Declaration and resolutions adopted today in Tbilisi, as well as speeches, photos, videos and more, please visit http://www.oscepa.org/meetings/annual-sessions/2016-tbilisi-annual-session. Additional photos are available on the Georgian Parliament’s Flickr pages at https://www.flickr.com/photos/geoparliament  and https://www.flickr.com/photos/oscepatbilisi/.

The OSCE Parliamentary Assembly is comprised of 323 parliamentarians from 57 countries spanning Europe, Central Asia and North America. The Assembly provides a forum for parliamentary diplomacy, monitors elections, and strengthens international co-operation to uphold commitments on political, security, economic, environmental and human rights issues.

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