In New Jersey, the Fair Market Rent (FMR) for a two-bedroom apartment is $1,296. In order to afford this level of rent and utilities – without paying more than 30% of income on housing – a household must earn $4,320 monthly or $51,838 annually.
These statistics show just how hard it is for New Jersey families earning a minimum wage to work full-time and afford an apartment. NJ needs more good paying jobs and more rental vouchers.
On January 21, 2015, NJ.Com reported on the “N.J. reaction to Obama’s State of the Union address: Democrats liked it, Republicans didn’t.”
As one reaction to the President’s State of the Union address from New Jersey’s delegation in Congress, Democratic U.S. Sen. Robert Menendez saw it this way:
“The president laid out a bold vision to build on the progress we’ve made to grow our economy, expand opportunity and make sure the American resurgence doesn’t just benefit the select few, but all Americans.”
Let’s hope that Congress can work together in 2015 to make sure that “the American resurgence” helps minimum and low wageworkers along with the rest of America.