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REQUIRED WAGE FOR ONE -BEDROOM S1 =" ' ' ';ES $40 PER HOUR <br />HOURLY WAGE NEEDED TO AFFORD A ONE -BEDROOM UNIT IN <br />ORANGE COUNTY, 2016-2023 <br />$45 __ ----- - — <br />$40.63 <br />$40 _. _ - ____ _ S36.31 $36.63 <br />$35 -- $31.38 $34.33 <br />$30 -. -- _---_$27.62 528-71 <br />$25.46 1 <br />$25-- <br />$20 <br />2016 2017 2018 2019 2020 2021 2022 2023 <br />Sourcex Community Indicators Report analysis of Far Market Rent data fin. the <br />U.S. Department of Housing and Urban Deveopment using the methodology of the <br />National Low Income Housing Coalition <br />MINIMUM WAGE WORK HOURS REQUIRED INCREASES TO 105 HOURS <br />RENTAL MARKET <br />AFFORDABILITY <br />ORANGE COUNTY, <br />FAIR MARKET RENT (MONTHLY) <br />2017 2018 <br />2019 2020 <br />2021 <br />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 Bedroom <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 />$728 <br />$780 <br />$806 <br />pay in rent (monthly) <br />Number of hours per week a <br />minimum wage earner must work to <br />105 <br />104 <br />105 <br />106 <br />104 <br />98 <br />105 <br />afford aone-bedroom apartment <br />Sources: Community Indicators Report analysis of Fair Market Rent data from the U.S. Department of Housing and Urban Development <br />using the methodology of the National taw Income Housing Coalition <br />Page 9 of 16 <br />