DENVER 2 BEDROOM APARTMENTS NOW REQUIRE A MINIMUM WAGE OF 20 DOLLARS PER HOUR

Dated: 09/09/2015

Views: 2416

Image title

The rental market is continuing to climb in Denver, with no real relief in sight.  As a matter of fact, the rental market is trending in this "shoot for the sky" increase rate around the entire nation.  I found this article, thanks to "The Atlantic, City Lab", citing a new study that residents in Colorado need a minimum wage of $19.89/hour to afford a 2 bedroom apartment in our colorful state.  

The average Aurora resident makes $16.08/hour with the average Denver resident making $19.01/hour.  Does anyone else find this to be crazy?!

So why exactly are you still renting?  You could be building equity, instead of your land lord.  You could be living in a larger condo or home.  You could be a homeowner before the first snow this fall........  What are you waiting for??

Image titleTatyana Sturm and The Storck Team have 10 years experience in Denver Metro real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado.  We have a true passion around finding you the best home for your lifestyle.  Please call or text The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.

Sources: 
http://www.citylab.com/housing/2015/05/mapping-the-hourly-wage-needed-to-rent-a-2-bedroom-apartment-in-every-us-state/394142/

http://www.payscale.com/research/US/State=Colorado/Hourly_Rate#by_City


Blog author image

Tatyana Sturm

Tatyana truly understands the dynamics of selling homes in the Denver Metro real estate market and is an expert at educating her clients so they can make the best and informed decisions for their need....

Want to Advertise on this Site?

Latest Blog Posts

6 Things To Know When You Relocate To Denver

Denver has so much to offer and the world is on to all the greatness Denver provides to families, singles, young, old, internationals, and a variety of industries and demographics.  Here are

Read More

Beautiful Knolls West Townhome

7106 S Knolls WayCentennial, CO 80122Knolls West Townhomes SouthGlennFantastic townhome! Clean and inviting in highly desirable location, popular Knolls West Townhome Community! Walking &

Read More

HUTCHINSON HEIGHTS Open House

Bring your rackets! You must see this large, beautifully maintained home that backs to a park with public tennis courts! Aurora's Hutchinson Heights neighborhood is centrally located,

Read More

What Is APR Or ARMS Quick Explanation

The annual percentage rate (or APR) is the amount of interest on your total loan amount that you'll pay annually (averaged over the full term of the loan). A lower APR could translate to lower

Read More