If you think the rent is too damn high, here's more proof. A new study last week found residents of Orleans Parish need to earn nearly $20 per hour to afford a two-bedroom rental in New Orleans.
Fair-market rent for a two-bedroom in Orleans Parish, the study says, is $822 per month — which may seem low in the current boom, but is drawn from the U.S. Department of Housing & Urban Development's 2015 Fiscal Year fair-market rents.
"In no state, metropolitan area or county in the United States can a full-time worker earning the prevailing minimum wage afford a modest two-bedroom apartment," the NLIHC found. The most expensive states were Hawaii ($34.22 per hour to afford a two-bedroom apartment) and California ($28.59). Louisiana as a whole came in at No. 30 ($15.81 per hour).
To read the whole study, visit www.nlihc.org/oor.