Renters require $ 81.21 per hourly wage to cope with Santa Cruz, California house

Hiring Santa Cruz, California now requires a shocking income above $ 168,000 just to rent two bedrooms, a number that makes it most Invisible Market in the country for the third year in a row.

In the Santa Cruz area, located in Central Coast about 75 miles south of San Francisco, the time payment must be obtained with a moderate two bedroom from $ 623 to 2023 to 2023.21 of the National Low-We Housing Coalition’s 2025 without reaching the report.

It’s almost 30% since 2023 when they were first placed at the top of the list.

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That means a manufacturer must earn $ 168,920 a year, or $ 4,223 a month, to afford two bedrooms in the fair metro market, the report appeared. In California, where the minimum wage is $ 16.50, that’s the equivalent of working at 4.9 full-time job.

The report knows that the usual rental cannot approach. The average manufacturer of Santa Cruz County earns $ 22.13 an hour. At that rate, only 3.7 full-time jobs to afford an apartment.

“It’s a No. 1 We don’t want to be,” says Elaine Johnson, Executive Director of Housing Santa Cruz County at Santa Cruz Sentinel. “It’s kind of all hands-deck type of time for all involved.”

State of California dominates affordability ranks, according to unexpected report. The Golden State is home for eight in ten most expensive meters, including San Jose, San Francisco, Salinas, and Santa Barbara. The situation, the average household for an apartment in the two-room room is about $ 50 per hour, which is the highest in any US state.

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The beach with a look at Wharf near Santa Cruz Beach Boardwalk in Santa Cruz, Calif. A time leasing in two bedroom rentals in the two-room room, the highest in the country. (Stephen Dunn / Getty Images / Getty Images)

In the current minimum wage, a full-time California worker has to put in 120 hours a week to cope with the average apartment in two bedrooms. According to the report, “somewhere in the United States-No States, Metropolitan Area, or County-Fore-Time Minimum-Wage Worker with a moderate rental house.”

Report deals with the problem of an intense and steady shortage of supply, estimated to be a national gap 7.1 million cheap housing houses for low-or ‘eli’ households.

Critics say that California housing market has also been restricted to overlapping layers of regulation.

“CEQA (California Environmental Quality Act) and tightly zoning Regulations The main contributors of the lack of housing in California, “said Dr. Wayne Winegalarden, Senior Center of Pacific Research Coirtes … additional costs around …

People surrounded Santa Cruz Beach Boardwalement Park in Santa Cruz, Calif. The popular tourist destination is also at home at the highest habitat home. (Craig Lee / San Francisco Chronicle by Getty Images / Getty Images)

Santa Cruz County Republican Party Mike Lelieur speaks the fox business that the affordability crisis is a direct result of the decimal policies.

“This is done by the local planning department more expensive to build it is not useful if you do not support a large corporate developer,” Lelieur said. “Then you have added CEQA, commission commission commissions, endless consent permission, and Greenbelt restrictions. This is a bure of bureade by design.”

He is also criticize the University In California, Santa Cruz, for the expansion of the student population faster than it builds at home. “UCSCs continued, but they did not build dorms fast. So students flooded the local market and landlord owners who paid the bill,” he said.

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“This is a home crisis made by policy,” says Lelieur. “And unless we change, get worse.”

Santa Cruz Booto Bockwalk and Santa Cruz County Business Council did not immediately respond to the business request ‘request for comment.

The whole report can be found in https://nlihc.org/oor