Laserfiche WebLink
EXHIBIT 1 <br />REQUIRED WAGE FOR ONE -BEDROOM SURPASSES $40 PER HOUR <br />HOURLY WAGE NEEDED TO AFFORD A ONE -BEDROOM UNIT IN <br />ORANGE COUNTY, 2016-2023 <br />$45 <br />W <br />$35 <br />$30 <br />$25 <br />$20 <br />.62 $28.71 <br />$25.46 <br />$34.33 <br />$40.63 <br />2016 2017 2019 2019 2020 2021 2022 2023 <br />Sources- Community fndicators Report analysis of Fair Market Rent data from the <br />U.S. Deparmvnt of Mousing and Urban Deveiopment using 6e methodoiogy of the <br />National fAw Income Houslr�g Coalition <br />MINIMUM WAGE WORK HOURS REQUIRED INCREASES TO 105 HOURS <br />MARKET <br />AFFORDABILITYRENTAL <br />ORANGE COUNTY, <br />FAIR MARKET RENT (MONTHLY) <br />20 1;: <br />2018 20'19 2020 2021 2022 <br />2023 <br />One Bedroom <br />$1,436 <br />$1,493 <br />$1,632 <br />$1,785 <br />$1,888 <br />$1,905 <br />$2,113 <br />Two Bedrot}m <br />$1,813 <br />$1,876 <br />$2,037 <br />$2,216 <br />$2,331 <br />$2,324 <br />$2,539 <br />Three Bedroom <br />$2,531 <br />$2,626 <br />$2,862 <br />$3,098 <br />$3,227 <br />$3,178 <br />$3,448 <br />Amount a household with one <br />minimum wage earner can afford to <br />$546 <br />$572 <br />$624 <br />$676 <br />S728 <br />$780 <br />$806 <br />pay in rent (monthly) <br />Number of hours per week a <br />minimum wagge earner must work to <br />105 <br />104 <br />105 <br />106 <br />1 Of', <br />98 <br />105 <br />afford a oneTedroom apartment <br />Sourees- Community fndieators Report analysis of Fair Market Rent data from the U.S- Department of Housings and Urban Development <br />using the methodology of the National Low Income Housing Coalition <br />Page 9 of 16 <br />