In no state can a person working full-time at the federal minimum wage afford a two-bedroom apartment at the Fair Market Rent.
A renter earning the federal minimum wage of $7.25 per hour would need to work 117 hours per week to afford a two-bedroom rental home at the Fair Market Rent and 94.5 hours per week to afford a one-bedroom. In only 12 counties can a full-time worker earning the prevailing federal or state minimum wage afford a one-bedroom rental home.
Read more about it and see where Iowa ranks, here!