Minimum Wage and What It Buys You: 1950s to Now

Minimum Wage and What It Buys You: 1950s to Now

2010

Though the housing crash actually made rent more affordable, minimum-wage workers still had to put in 109 hours of work (or more than 60% of monthly income) in 2010. Of course, in cities like New York, the numbers are much higher. In 2010, the NY-Northern NJ-Long Island area had a median gross rent of $1,125, which equals 155 hours of work. Basically, if you worked full-time, didn’t eat, commute, or pay utilities, and gave nearly every penny to your landlord, you could just make it in the Big Apple.

Minimum wage: $7.25/hour
Gas: $2.78 or 23m
Movie ticket: $7.95 or 1hr, 6m
Rent: $602 or 109hrs

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