#5
New York
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State Facts
Minimum Wage
$11.10
Average Renter Wage
$25.00
2-Bedroom Housing Wage
$30.76
Number of Renter Households
3,360,227
Percent Renters
46%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$11.10/hr
Each week you
have to work
95HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | New York | Albany County |
|---|---|---|
| Total | 7,302,710 | 125,376 |
| Renter | 3,360,227 | 54,102 |
| Percent Renters | 46% | 43% |
| Housing Wage | New York | Albany County |
|---|---|---|
| Zero-Bedroom | $24.96 | $14.77 |
| One-Bedroom | $26.34 | $17.38 |
| Two-Bedroom | $30.76 | $21.44 |
| Three-Bedroom | $39.10 | $26.87 |
| Four-Bedroom | $42.23 | $28.98 |
| Fair Market Rent | New York | Albany County |
|---|---|---|
| Zero-Bedroom | $1,298 | $768 |
| One-Bedroom | $1,370 | $904 |
| Two-Bedroom | $1,599 | $1,115 |
| Three-Bedroom | $2,033 | $1,397 |
| Four-Bedroom | $2,196 | $1,507 |
| Annual Income Needed to Afford | New York | Albany County |
|---|---|---|
| Zero-Bedroom | $51,910 | $30,720 |
| One-Bedroom | $54,798 | $36,160 |
| Two-Bedroom | $63,976 | $44,600 |
| Three-Bedroom | $81,329 | $55,880 |
| Four-Bedroom | $87,832 | $60,280 |
| Minimum Wage | New York | Albany County |
|---|---|---|
| Minimum Wage | $11.10 | $11.10 |
| Rent Affordable at Minimum Wage | $577 | $577 |
| Work Hours/Week at Minimum Wage | New York | Albany County |
|---|---|---|
| Zero-Bedroom | 90 | 53 |
| One-Bedroom | 95 | 63 |
| Two-Bedroom | 111 | 77 |
| Three-Bedroom | 141 | 97 |
| Four-Bedroom | 152 | 104 |
| Renter Wage | New York | Albany County |
|---|---|---|
| Estimated Mean Renter Wage | $25.00 | $15.85 |
| Rent Affordable at Mean Renter Wage | $1,300 | $824 |
| Work Hours/Week at Mean Renter Wage | New York | Albany County |
|---|---|---|
| Zero-Bedroom | 40 | 37 |
| One-Bedroom | 42 | 44 |
| Two-Bedroom | 49 | 54 |
| Three-Bedroom | 63 | 68 |
| Four-Bedroom | 68 | 73 |
| Supplemental Security Income (SSI) Payment | New York | Albany County |
|---|---|---|
| SSI Monthly Payment | $858 | $858 |
| Rent Affordable to SSI Recipient | $257 | $257 |
| Income Levels | New York | Albany County |
|---|---|---|
| 30% of Area Median Income (AMI) | $25,489 | $26,970 |
| Estimated Renter Median Household Income | $44,803 | $38,414 |
| Rent Affordable at Different Income Levels | New York | Albany County |
|---|---|---|
| 30% of Area Median Income (AMI) | $637 | $674 |
| Estimated Renter Median Household Income | $1,120 | $960 |
Median Wages for Largest Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Cashiers | 197,490 | $11.62 |
| Food prep workers, fast food | 189,740 | $11.87 |
| Retail Salespersons | 301,670 | $12.11 |
| Home Health Aides | 191,820 | $12.15 |
| Stock Clerks and Order Fillers | 110,880 | $12.30 |
| Personal Care Aides | 199,060 | $12.66 |
| Cooks, Restaurant | 73,340 | $13.70 |
| Waiters and Waitresses | 167,250 | $13.85 |
| Teacher Assistants | 123,960 | $14.18 |
| Laborers and material movers | 130,850 | $14.32 |
| Janitors and cleaners | 190,600 | $15.22 |
| Security Guards | 118,760 | $15.62 |
| Office clerks | 189,360 | $15.92 |
| Receptionists and Information Clerks | 95,740 | $16.04 |
| Nursing Assistants | 91,400 | $17.85 |
| Customer Service Representatives | 159,010 | $18.27 |
| Secretaries and administrative assistants | 178,520 | $19.55 |
| General Maintenance and Repair workers | 108,050 | $21.17 |
| Bookkeeping, Accounting, and Auditing Clerks | 104,580 | $21.53 |
| Median Wage | $21.93 | |
| One-Bedroom Housing Wage | $26.34 | |
| Sales reps, whsl and manufacturing | 76,590 | $29.00 |
| Two-Bedroom Housing Wage | $30.76 | |
| Other Sales reps, services | 70,340 | $31.22 |
| Office and admin support supervisors | 112,510 | $32.20 |
| Executive Secretaries and Executive Administrative Assistants | 92,120 | $34.72 |
| Elementary school teachers | 82,590 | $38.88 |
| Secondary school teachers | 74,830 | $39.63 |
| Accountants and Auditors | 110,780 | $40.58 |
| Registered Nurses | 182,490 | $41.58 |
| General and Operations Managers | 163,250 | $63.22 |
| Financial Services Sales Agents | 68,120 | $68.39 |
| Lawyers | 76,840 | $70.27 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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